Tuesday, 9 August 2016 - 15:00
Brexit would cut Netherlands economic growth forecast: report
A combination of the Brexit and a further reduction in gas production has lowered the Central Planning Bureau's expectations for the Netherlands' economic growth. The CPB expects that the Dutch economy will grow 1.7 percent this year and 1.6 percent next year. In June the CPB expected 1.8 percent and 2.1 percent growth respectively, NU.nl reports. The CPB stresses that the underlying recovery of the Dutch economy is continuing. But the uncertainty entailed in the United Kingdom's decision to leave the European Union will have short-term negative effects on consumption and investment. The economic growth of the eurozone as a whole will also be affected by the Brexit, the CPB expects. The planning office foresees eurozone economic growth of 1.6 percent this year and 1.5 percent next year. The CPB adds that this new estimate is "more uncertain than usual", so soon after the Brexit decision.