Dutch govt agency CPB: Expects economic recovery to begin in second half of 2013

Well let’s hope they’re right………..

  • CPB sees 2013 govt deficit of 3.3% of GDP (vs 2.7% seen in Sept)
  • Sees 2013 Dutch GDP of -0.5% (vs +0.75% seen in Sept)
  • Sees continued pressure on house prices, no short-term recovery in housing market

Is it me, or are their forecasting skills a little ropey? Just sayin…….

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