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Dutch economic growth grinds to halt as energy prices soar – central bank

People walk at the street at Gronland district in Oslo, Norway, June 3, 2017. REUTERS/Ints Kalnins

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AMSTERDAM, June 13 (Reuters) – Economic growth in the Netherlands will come to a halt for most of the year as energy prices and overall inflation soar due to Russia’s war in Ukraine, the Dutch central bank (DNB) said on Monday.

Growth of the euro zone’s fifth largest economy will slow to 2.8% this year and 1.5% in 2023, the DNB said, down from 5% in 2021, and slower than the central bank’s previous projection of 3.6% for 2022.

The headline growth predicted for 2022 also paints a rosy picture as it is purely a statistical result of the strong post-COVID recovery at the end of last year, DNB said.

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“Growth has come to a halt already and will stay around zero until the last three months of the year,” DNB director Olaf…

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