World Economy

Dutch Economy to Grow 1.7%

Dutch Economy to Grow 1.7%Dutch Economy to Grow 1.7%

The Dutch economy is set to grow 1.7% next year, according to government documents leaked to the Telegraaf and RTL news ahead of next week’s budget. The growth, earlier estimated at 1.6%, is due to an increase in spending power, which will rise to 1.8% next year, the latest forecasts by the government’s macro-economic forecasting agency say. News of the spending power boost leaked last week when RTL said the government is poised to spend €1 billion ($1.12 billion) boosting disposable incomes. "The government’s finances are more balanced. In all, the Netherlands has emerged from the crisis in a strong position," RTL quotes the latest leaked documents as saying. According to the Telegraaf, inflation is set to rise to 0.5% next year and the budget deficit will also be 0.5%. Next week’s budget is the last by the present coalition government. The Netherlands will have a general election in March next year.