THE HAGUE, May 16 (Xinhua) -- The Dutch economy is expected to grow by 3.3 percent this year and only by 1.6 percent in 2023, the European Commission reported on Monday, marking a substantial decline from last year's 5 percent growth.
"While growth momentum carried over from 2021 provided a strong starting point for 2022, the deterioration of households' real disposable income due to strong price pressures and the uncertainty created by the war in Ukraine are expected to subdue further economic expansion," the EU said in a report on the Dutch economy, included in the Spring 2022 Economic Forecast, a comprehensive set of economic forecasts for the EU and the bloc's 27 member states.
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