The Dutch economic growth is set to slow this year and next as global headwinds such as trade tensions and geopolitical factors weigh on exports.
The Bureau of Economic Policy Analysis, or CPB, which is the government forecasting agency, projected 1.7 percent economic growth for this year versus 1.5 percent forecast in March.
Thus, growth is seen sharply slowing from 2.7 percent in 2018.
Meanwhile, the CPB retained the outlook for 2020 at 1.5 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.