Dutch economic growth coming to halt

Dutch economic growth coming to halt

The economic growth of the Dutch economy is coming to a halt in the second half of 2011, predicted the Dutch Central Bank (DNB).

In the first half of 2011, the Dutch economy grew by on average 0.5% quarter-on-quarter. According to currently available data, growth will virtually come to a halt in the two last quarters. This emerged in forecasts using DFROG, DNB’s new model for GDP growth in the short term.

As now estimated by DNB, Gross Domestic Product (GDP) grew by 0.2 per cent on a quarterly basis from July through to September. For October through to December, recent data points to a slight contraction of 0.1 per cent. Like any economic forecast, this estimate is subject to a margin of uncertainty. Judging by the past, a margin of uncertainty of 0.3 percentage point should be borne in mind, but this may be rather low given the current uncertain climate.

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