After two years of contraction grows Dutch economy – Telegraaf.nl

After two years of contraction grows Dutch economy – Telegraaf.nl

The Dutch economy seems to yoke the credit crisis slowly by itself to pay off. This enables the Dutch Central Bank in the latest estimates

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The next few years attracts economic growth, from 1.2% in in 2015 to 1.5% in 2016. This year, expect the accountants DNB growth of 0.8%. In 2012 and 2013 the economy shrank correct.

Photo: DNB

Spending attract

An important factor in restoring consumer confidence, which has greatly improved in particular by the recovery of the housing market. Purchasing power is rising, too.

This is not just exports that must take the lead in the future, domestic spending to contribute a bit. In 2015, running the engine output and that of domestic spending as hard, the 2016 expenditures are the main growth engine. This year’s growth is entirely due to the output.

Photo: DNB

,, seen Cyclical is a normal pattern,” said Job Swank, director of monetary affairs and financial stability at DNB. First ,, the output increases, then grow the investment and then follows the consumption. It only lasted very long because of the double dip. “

Unemployment

Unemployment will fall slightly according to the central bank next year, but remain unchanged in 2016 at 6.6%. This is mainly because people report on the labor market since the past few years, absolutely not the utility had understood. The so-called discouraged so come back.

Photo: DNB

The unemployment rate is 2.5% according to DNB still too high. That means that the economy is not running at full speed in the coming years. And that has a depressing effect on inflation. Which is expected this year to 0.4% next year and 0.5% in 2016 to 1%

Photo: DNB

This is still far below the target of the European Central Bank of around 2%. But does mean an increase in real disposable income. Dutch hold on average about to consume.

Debt drops

For the public finances reflected the recovery in a lower budget deficit and, in 2016, a declining debt. Swank notes, however, that ,, as the low oil price persists then that will burden the state of public finances in the long term. “

House prices were in October over 3% above its trough in June 2013 was reached. This tentative recovery, prices of homes still 18% below the peak in August 2008

Photo: DNB

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