The OECD has a positive view on negative growth in the next two quarters; because there wouldn’t be. This means that a possible recession has been averted and economist Arnoud Boot is more than positive about it.
However, he does not want to use the word recession, because it is a ‘crisis hype that is created on a daily basis’. “The economy is constantly adapting,” she says. And so does the business community. The business plans we have now before us are also much more bottom-up and that means you simply have to radiate calmness from the government.’
So Boot thinks it’s hardly surprising that the consumer now appears to have been in the lurch for two quarters, looking at the last few months. ‘In previous quarters, consumers have been spending money like crazy, and if spending is slightly lower for two months, then there is a recession.’
Very strong
He therefore emphasizes that in principle there is nothing wrong with bad times and their aftermath. ‘Just look at the data on absenteeism due to sickness. These are the highest in twenty years, and that has to do with the fact that we’ve been through a turbulent time and people are having to adjust to a new reality. Adaptability is tested, and then things may go downhill for a while. After all, we have a rock-solid economy.’
Boot continues: ‘There are undoubtedly great opportunities to find good investment projects, but we also have big problems. The issue of nitrogen and the climate cannot be trivialized, but we are also dealing with considerable economic strength. From the bottom up, and this is also my appeal to the Cabinet and the House of Representatives: (…). We need peace and a sensible policy, that’s what matters to me.”
Source: BNR
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
