BMI View: Recovery Pushed Back To 2014 Since our last quarterly report we have become more pessimistic about the Netherlands’ economic outlook in 2013. While reassured over the new government’s policy direction following its formation late in 2012, we the see the economy sliding further into recession. We believe net exports and public spending have been making a positive contribution to growth – indeed, our hopes of a recovery have all along been based on stronger eurozone demand for Dutch exports. However we now feel that there are negatives which more than offset these sources of stimulus and have forced …
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