CBS: in 2013 finally put the economic recovery – Volkskrant

CBS: in 2013 finally put the economic recovery – Volkskrant

By: Staff – 09/10/14, 09:31

© anp. The second half of 2013 continued the recovery, writes CBS.

2013 seems to have been the year. Economic turnaround This shows in the back at last year by the Central Bureau of Statistics today presented. The economy still shrank by 0.7 percent, but in the second half of the year continued the recovery.

The CBS describes 2013 as “a moderate year” in which the economy contracted and consumption and investment lagged. The labor supply fell further, the unemployment rate rose to 8.3 percent of the workforce. Seen seems to be ‘moderate’ almost a euphemism. “In short, the crisis that began in 2008, was in 2013, not the end.”

The sun broke through in the second half of the year. CBS notes ‘signs of recovery’, a fast-rising consumer confidence, rising imports and exports and an improving housing market. Especially the slump in the housing market had been cause of the ongoing crisis. Until last year Unlike neighboring countries, which have long showed recovery, CBS writes.

Government deficit for the first time European standard
The government budget deficit came in 2013 for first under the European limit of 3 percent of national income, namely 2.3 percent. That was an improvement of almost EUR 11 billion compared to 2012, when the deficit still stood at 4 percent. The government took in more money especially with higher taxes and levies crisis. The government also did good business with the auction of the 4G data network, which took 3.8 billion euros in the greenhouse. By contrast, the nationalization of banking company, SNS REAAL in the spring cost 1.1 billion euros. Tick ​​off against each yielded these incidents, the government 2.7 billion.

In 2007, just before the American banks started falling, perverse public finances in exceptionally good condition. The national debt was limited to a civilized 43 percent of GDP, far below the European limit of 60 percent annually and was more money than the government spent. With the outbreak of the crisis, the debt increased rapidly and changed the budget surplus into a deficit. Banks were nationalized and a rush of air billion injections, the number of benefits, the revenue declined. The general government balance (the current account) changed from a small plus in a deficit of 5.5 percent. The debt increased in recent years to about 68 percent.