Brussels: will be 9.4 percent in the Netherlands this year | financial
The committee is also reducing the economic growth forecast for 2022 for our country from 3.3 percent in May to 3 percent, although that is slightly better than the average in the eurozone (2.6 percent).
war
The consequences of the war in Ukraine for the Netherlands will continue next year. For all euro area countries, the percent estimates the bottom line at 4 percent in 2023 and adjusts the growth according to commission, from 0.3 to 1.4 in May.
The commission reveals the uncertain present due to the Russian invasion of Ukraine making forecasting difficult and coming in its annual summer forecasts also for a possible revival of the corona pandemic, with future economic consequences. There are problems worldwide with deliveries of all kinds of goods and raw materials. The longer these situations last, the greater the risk of unrest in the financial markets, according to the committee. This creates the risk of a possible revival of the corona pandemic, with consequences for the consequences, they aim.
All in all, the committee paints a bleak picture of economic developments, although it continues to reiterate that the eurozone is strong. Strong countries such as Germany are also emerging, which erodes the purchasing power of the citizens, says European Commissioner Paolo Gentiloni (Economics). “Russia’s invasion continues to send shockwaves through the global economy. The actions of devastating energy and grain supplies are exalting and weakening confidence,” the Italian said at the presentation of the package of estimates in Brussels. “That is why we have adjusted our expectations especially for 2023.”
To navigate the turbulent waters, the EU must show leadership, Gentiloni said, around the keywords of “solidarity, sustainability and security.”