Thursday, 24 July 2008

IMF sees Dutch GDP growth of 2.3 percent in 2008

The IMF expects economic growth in the Netherlands of 2.3 percent in 2008 and 1.8 percent in 2009, officials said during a briefing in The Hague.
An IMF official said there were four risk factors to the fund's growth projections, namely lending conditions, house and equity prices, energy prices, and external demand.
"There's a surprise every week, if these bad surprises continue, it might be that these lending conditions will be less favourable than we assume," the official said. The Dutch economy grew 3.5 percent in 2007, the highest growth rate since 2000, but expansion is set to slow as the global credit crisis takes its toll. (

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