Sunday, February 17, 2013

The Netherlands Again in Recession

The Netherlands again find itself in a recession. The economy shrank in the 4th quarter of 2012 with 0.2% as compared to the third quarter. In the third quarter there was shrinkage of 1.1% compared to the second quarter. Domestic consumption declined 2.3% compared to the same quarter a year before. Dutch domestic consumption has been shrinking for almost two years already. On the average, there were 63,000 less jobs available than in 2011. With this, the level of jobs has declined to that of the year 2007.

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