Tuesday, August 19, 2008

Negative Economic Prospects for the Netherlands

Economic prospects for next year are poor. All households will lose at least 1% of their purchasing ability. Inflation is expected to reach 3.8% at least. The government intends to raise value added tax by 1%. Both employers and trade unions are asking to postpone this increase by at least one year. www.parool.nl/parool/nl/31/Financieel/article/detail/27318/2008/08/13/Iedereen-gaat-erop-achteruit-in-2009.dhtml

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