IMF sees pace of slowdown in Dutch economy
2022.12.09 08:20
IMF sees pace of slowdown in Dutch economy
Budrigannews.com – The International Monetary Fund (IMF) said on Friday that high inflation is hurting domestic spending and slowing exports, which will slow economic growth to 0.6% next year.
As a result of high savings and a robust labor market, the country was able to quickly recover from its COVID-19 slump, according to the IMF’s annual assessment of the fifth largest economy in the euro zone.
The IMF stated that after rising to 11.8% this year, headline inflation is anticipated to moderate to 4.2% in 2023 as the impact of rising energy prices diminishes.
However, it is anticipated that core inflation—which does not include costs for food and energy—will reach a peak of more than 7% next year.
