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The economic system is in worse form than beforehand thought. The Central Bureau of Statistics (CBS) has recalculated the dimensions of the economic system within the first quarter of this 12 months and sees a contraction of 0.5 p.c in comparison with the earlier quarter. Statistics Netherlands beforehand calculated a decline of 0.1 p.c.
The pause is principally defined by exports, that are performing worse than anticipated. Dutch items exports are strongly linked to the event of European enterprise, which has not been doing effectively for a while. The settlement can be associated to a assessment of the calculation fashions.
The general image of the economic system stays the identical, says CBS chief economist Peter Hein van Mulligen: “We noticed an financial peak within the spring of 2022. Since then we now have seen an image of stagnation or a slight decline. .”
2024-06-24 05:34:47
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