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DNB: the seven lean years are over the seven lean years are over, says the Dutch Central Bank
(DNB). We leave the crisis behind us and the Dutch economy gets back on steam.
The growth comes out at 2 percent this year, the highest growth since 2008. DNB expects the economy also in 2016 and 2017 with about 2 percent will increase, it is clear from the half-yearly economic forecasts of the DNB.
Consumers spend more, companies dare to invest again and the housing market is picking up. The fall in value of euro also contributes to the growth of the Dutch economy. By the cheap euro rising exports.
"The consumer is back," said DNB-Economist Job Swank. "It's about time too, because the consumption level is only now that by the year 2005. The growth of the prosperity has between 2007 and now just stood still. "
Inflation is the depreciation of the euro is partly caused by the billions of purchases by the European Central Bank. Who decided in January to 60 billion monthly under more government bonds on to buy, to tackle the low inflation, lower interest rates and stimulate the economy.
The low inflation is mainly caused by lower food prices and the low oil price. The cheap oil provides and lower energy bills for households and businesses and helps the economy quite a hand. DNB expects the oil price decrease only at the end of this year inflation will no longer print.
The savings account savings account through low interest rates little on, but another consequence of the low rate is that money for a mortgage or a loan also not much cost.
According to DNB in 2008 households paid more than 15 billion euros more in interest than they received. By 2015 there will be about as much interest as there is paid. The historically low savings rates may be disappointing, the interest payments are much stronger dropped since 2008.
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