Netherlands has disappeared from the top 5 most competitive economies. In the list of 148 countries in the World Economic Forum, our country has fallen from 5 to 8. The government policy is not successful, is the conclusion of the compilers.
The Dutch economy shrank faster in the last quarter of 2012 than previously thought. This follows from the second estimate of the CBS, which was distributed on Thursday. According to the estimate, the economy shrank by 0.4 percent. The first estimate in mid-February, on the other hand, showed a shrinking of 0.2 percent.
The shrinkage was 1.2 percent compared to a year earlier. In the first estimate, this was still at 0.9 percent. Consumer expenditure was lower and authorities spent less money than expected.