Friday, January 6, 2017

ING sees growth in house prices weaken – Telegraaf.nl

    That reports the economic bureau of ING Thursday in a report on the Dutch economy. Yesterday spoke ING all the expectation that economic growth this year will come out at 1.6%, against 2.2% growth in 2016.

    The prognosis of ING is somewhat more somber than that of the Central Planning bureau. The CPB expects for 2017 a growth of 2.1%.

    The number of sold homes is ING this year on 223.000, against 212.000 last year.

    The bank shows the consumer spending this year to rise by 1.9% (2016: 1,7%). The growth investments would, however, soften to 2,5% (2016: 6,3%).

    The public debt as a percentage of the gross national product, according to ING this year from 59,9% to 62,7% in the previous year. In 2013, the percentge still 67,7%.

    ING is counting on an increase of the ten-year yield on government bonds this year of 0.5% to 0.8%. In 2018, an interest rate of 1.1% is expected.

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