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Daily Dutch News in English

EU upgrades growth forecasts for the Netherlands

The Netherlands growth prospects have been upgraded by the European Commission, with rising exports and stronger investment reinforcing the view that the recovery will broaden this year.

The European Commission now expects the Dutch economy to grow 1% this year, up from its last forecast of just 0.2%.

The Commission also improved its forecasts for France and Germany by 0.1 percentage points and by 0.3 percentage points for the UK. France’s economy is expected to grow by 1% in 2014, Germany’s by 1.8% and the UK’s by 2.5%.

The “recovery in the European Union is gaining ground and spreading across countries, although it remains still modest,” said Olli Rehn, the European commissioner for economic and monetary affairs.

“To make the recovery stronger and create more jobs, we need to stay the course of economic reform,” Rehn said.