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Dutch Central Bank predicts growth in 2014

TUESDAY, DECEMBER 10 2013

AMSTERDAM – The Dutch economy will return to a modest growth of 0.5 per cent next year after contracting by one per cent in 2013, the Dutch Central Bank said Monday.

Growth will reach one per cent by 2015, when employment will also rise for the first time since 2011, the Central Bank said in its latest half-yearly statement. In addition, after seven years of diminishing spending power, people will have “significantly more” disposable income in 2015, the Amsterdam-based Central Bank said.

The recovery will remain modest, because households, banks, pension funds and the government are all giving priority to improving their own finances. This process has not been completed and is currently putting a brake on domestic consumption, the Central Bank said.

Source: The Daily Herald, St. Maarten

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