Dutch economic growth set to fall below 1% next year – ABN AMRO
|Nico Klene, senior economist at ABN AMRO, suggests that Dutch economic growth held up well in the first two quarters of this year, but they foresee a drop-off in the second half.
Key Quotes
“The decline can be blamed on slackening growth in exports, private consumption and investment. Exports are being hit by the meagre expansion of global trade, while consumers are contending with a smaller increase in disposable income.”
“Added to this, the further escalation of the US-China trade conflict is undermining the world economy, compelling us to once again reduce our estimates for global growth. As a corollary, the 2020 growth forecast for the Netherlands has been cut from 1.1% to 0.9% – mainly due to slowing export growth and business investment.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.