The United Kingdom's decision to leave the European Union will likely do "substantial damage" to the growth of the Dutch economy, ING Economic Bureau said on Tuesday. The bank lowered its economic growth forecast for 2016 from 2.1 percent to 1.8 percent and for next year from 1.9 percent to 1.3 percent
Rating agency Fitch reaffirmed the Netherlands AAA rating on Friday on signs the country’s economy is recovering. The agency predicts GDP growth of 1.2 percent for 2015.
Fitch reaffirmed its triple-A credit rating for the Netherlands on Friday, a decision based on the country's "strong underlying economic, institutional and credit fundamentals," the organization said. However, weak GDP growth predictions contributed to a negative outlook.