IMF: Dutch economy recovery slower than expected – Tubantia

IMF: Dutch economy recovery slower than expected – Tubantia

WASHINGTON (Reuters) – The Dutch economy is slowly on the decline after the previous 2 years.
 

The next year, however, recovery is somewhat slower than previously thought, while the risk of setbacks remains high. Predicted that the International Monetary Fund (IMF) on Friday in its annual report on the Netherlands.

Economic problems

 The IMF expects for 2015 a growth of 1.2%, after the economy this year probably was 0.8% higher. In October, the fund predicted a plus of 1.4% for next year. This year the economy developed something more positive than in the autumn was thought at that time was a growth of 0.6% subscribed for in 2014.

The probability that growth is now lower than predicted, According to the IMF still large. Short-term economic problems in other euro area countries and the continuing political tensions in the world can throw a spanner in the works.

Unemployment

 In the longer term the large household debt remains a problem, warns the IMF. Those debts put the brakes on spending, and should be further reduced in order to achieve a sustainable recovery. Cheaper energy and a faster recovery of the housing growth on the other hand can really help them.

Unemployment is according to the IMF next year slightly back, while the housing market picks up further.