November 18, 2019 / 10:04 AM / 17 days ago

Dutch forecasting agency sees GDP growth of 1.1% annually 2022-2025

AMSTERDAM, Nov 18 (Reuters) - The Netherlands’ economic forecasting agency CBP on Monday said it expects GDP growth to slow to 1.1% annually for the 2022-2025 period, assuming nothing changes in the world economy or government policy.

The agency’s middle-range forecast, drawing on current trends, said an aging population would shrink the working-age population and hurt consumption as low interest rates mean workers will have to save more, and retirees may see pension cuts. (Reporting by Toby Sterling, editing by Louise Heavens)

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