Dutch economy likely to slow as trade rows worsen, central bank says
Growth will probably drop to 1.4% in 2021 but could fall further if recent tariff threats between the United States, China and Europe escalate, the central bank said. "We still expect all parties involved to take a step back once they reach the edge of the abyss, and not a step forward", DNB director Tjerk Kroes said. "But this is one of the major uncertainties for the Dutch economy."
Growth in the euro zone's fifth-largest economy is helped by record-low unemployment, which is expected to boost incomes and consumer spending in the next two years. (Reporting by Bart Meijer, editing by Larry King)
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