Stable Dutch economic growth in 2006-07

8th December 2006, Comments 0 comments

8 December 2006, AMSTERDAM — The Dutch economy will grow by 3 percent both in 2006 and 2007, the Central Planning Bureau (CPB) forecast on Thursday.

8 December 2006

AMSTERDAM — The Dutch economy will grow by 3 percent both in 2006 and 2007, the Central Planning Bureau (CPB) forecast on Thursday.

The forecast growth in Gross Domestic Product (GDP) in 2007 is down from the 3.25 percent the CPB forecast in September.

The economic growth is based on improved consumer spending, corporate investments and a strong rise in exports and investments in housing.

Tensions on the labour market will increase, but inflation and contract pay rises will remain limited.

An inflation rate of just 1 percent is expected this year and 1.25 percent in 2007.

The government expects a budget surplus of 0.1 percent GDP this year.

A budget deficit of 0.2 percent is forecast for 2007, down from an earlier forecast of a 0.2 percent budget surplus.

[Copyright Expatica News + ANP 2006]

Subject: Dutch news

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