Thursday, July 25, 2013

Wall Street Journal: Netherlands Faces Economic Stagnation

The Wall Street Journal published an article in which it mentions that according to the Dutch Central Bank, the Netherlands is in its third recession since 2009 and faces a prolonged period of economic stagnation. It quoted the Central Bureau of Statistics which said that unemployment rose to 6.8% in June. Furthermore, it said that consumer sentiment, which has been depressed for years, deteriorated again in July. The paper said “The cloudy outlook has led to warnings that the Netherlands is drifting away from the Euro-Zone core and might even be stripped of its cherished Triple A rating.”

No comments: