Dutch economy shrinks for 3rd consecutive quarter

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Dutch economy shrinks for 3rd consecutive quarter

STORY: Dutch economy shrinks for 3rd consecutive quarter SHOOTING TIME: Nov. 15, 2023 DATELINE: Nov. 16, 2023 LENGTH: 00:01:00 LOCATION: THE HAGUE, the Netherlands CATEGORY: ECONOMY SHOTLIST: 1. various of street views in the Netherlands STORYLINE: The Dutch economy contracted in the third quarter of 2023, which already was the third quarterly shrinkage of the year, Statistics Netherlands (CBS) said on Tuesday. According to CBS, the gross domestic product (GDP) fell by 0.2 percent in the Q3 of 2023 compared to the previous quarter. The contraction was smaller than in the first two quarters of this year, when the economy shrank by 0.5 and 0.4 percent respectively. The last time the Dutch economy shrank three quarters in a row was during the financial crisis in 2008 and 2009. "Many jobs often disappear during a recession," CBS chief economist Peter Hein van Mulligen explained in a presentation. "That is not the case now. Many jobs were created, 31,000 to be precise compared to the previous quarter. The la

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