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Rabobank doubt to persevere economic convalescence
Spent: 2 December 2003 16.13
Last modified: 2 December 2003 16.25
The Dutch bounce in the first trimesters of next year is for this reason economic convalescence appeared without brilliance, thus economen of the Rabobank in their Tuesday vision on 2004. they assume an increase 1.25 percent for next year.
The economen doubt by the apprehension concerning the American economy. The Gross Domestic Product (GDP) increases there meanwhile strong, but that comes mainly by the historically low interest and the large tax reduction which has been carried out. American companies continue sit however with overcapacity and that can the development press.
For the Netherlands as a result, annoying impact threatens. Whereas with remuneration moderation and strong bezuinigingen the competive position must improve, the Netherlands in the eyes of the Rabobank threatens gamble too much on one horse. The Netherlands is ready to of the attracting wereldhandel, but if those disappoint, must the cabinet Balkenende themselves profit the economy further on pace keep. According to Rabo-economen are reduction in the tax burden then necessary.
Moreover impact grants continue in 2004, "be ailing" if the increase in the US lags behind at the expectations on the financial markets. That high has been seen the steady koersstijgingen on Wall Street. Meanwhile also the European markets have reached the highest levels of the year.
Apart from the economic developments the house prices will continue increase slightly just like in 2003 stable or, thus the Rabobank expect. That comes by the low mortgage interest. Moreover the economen see a constant shortage to good buy houses because insufficiently new houses are produced. These crooked proportions must be caught by lower conveyance duty and more nieuwbouw.
Source: nu.nl
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