Dutch economy deteriorates further in January

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Dutch economy deteriorates further in January

STORY: Dutch economy deteriorates further in January SHOOTING TIME: Feb. 1, 2024 DATELINE: Feb. 1, 2024 LENGTH: 00:00:39 LOCATION: THE HAGUE, the Netherlands CATEGORY: ECONOMY SHOTLIST: 1. various of street views in the Hague STORYLINE: The Dutch economy showed a downward trend in January, with 10 out of 13 indicators below their long-term trend, according to Statistics Netherlands (CBS) on Wednesday. The CBS uses this method with 13 indicators, such as the gross domestic product (GDP) figures, unemployment rates, consumer confidence and the number of bankruptcies, to monitor the state and the cycle of the Dutch economy and get an overall coherent macroeconomic picture, based on all available data known to the CBS at the time. One of the indicators is the GDP, which fell by 0.3 percent in the third quarter (Q3) of 2023 compared to the previous quarter, marking the third consecutive quarter with contraction. "The contraction in Q3 can mainly be attributed to declining investments in fixed assets, a decli

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