CBP expects slowdown in growth

19th March 2008, Comments 0 comments

The Bureau for Economic Policy Analysis says unemployment will start to rise next year.

19 March 2008

THE HAGUE – The Bureau for Economic Policy Analysis (CPB) expects economic growth of 2.25 percent his year. The bureau says the favourable figures last year laid a "solid foundation". The CPB predicts slower growth in the coming years however.

The CBP thinks the decline in unemployment will come to an end this year. This will most likely fall to just above 300,000 this year and then start increasing again next year.

The purchasing power of households is still under pressure this year, but will increase by 1 percent next year. Inflation will rise from 2.5 percent this year to 2.75 percent in 2009. Especially rent prices, energy prices, and taxes on air travel will drive prices up.

[Copyright Expatica News 2008]

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