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Dutch growth no reason for optimism: expert

(Xinhua)

10:35, August 16, 2012

THE HAGUE, Aug. 15 (Xinhua) -- The modest growth rate of the Dutch economy is no reason for unbridled optimism, said Dutch economist Roel Beetsma in an interview with Xinhua on Wednesday.

According to the provisional estimations of the Dutch Central Bureau of Statistics (CBS) on Tuesday, the Dutch economy improved by 0.2 percent in the second quarter compared to the preceding quarter, higher than France and slightly lower than Germany.

"This is obviously an unexpected positive message," said Beetsma, Professor of Economics at the University of Amsterdam, to Xinhua. "But the figures may be revised of course, which could even take a few years. Normally those numbers will be close to definite next year."

The CBS also revealed positive Dutch export figures in the second quarter, with a rise of 3.6 percent compared to a year earlier.

"The positive rating is mainly due to the growth of exports and stockpiling," said Beetsma, who further explained that "the growth rate is based on several aspects."

He cited consumer spending, which has fallen for six consecutive quarters, as well as poor-performing investments as the negative elements of the economy, though they were offset by export.

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