The European Commission has been adjusting its forecast for the European economy in 2023 slightly upwards since the beginning of this year. Due to the “better-than-expected start to the year”, the committee expects average growth in the euro countries to be 1.1% instead of 0.9%. The Netherlands is expected to grow by 1.8 percent, while in February it was still projected to grow by 0.9 percent this year.
The EU is managing the negative consequences of the Russian invasion of Ukraine and weathering the energy crisis. Lower energy prices, a significant drop in gas consumption, easing supply chain issues and a strong job market supported subdued growth in the first quarter of 2023, allaying recession fears, he says .
Netherlands
The Dutch economy will also continue to grow despite very high inflation, but at a much slower pace than in 2022 (4.5%), from 1.8% in 2023 to 1.2% in 2024, it predicts the European Commission.
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.
