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The general election on March 15 saw the defeat of Gert Wilders and his proposal for a referendum on Dutch membership of the EU and the Eurozone. A key period of political uncertainty has therefore past with little significant impact on the economy - barring a dip in business sector investment in Q4 2016. We also believe that the protracted period of coalition negotiations ahead will not cloud the relatively positive economic outlook and forecast robust growth of 1.9% in 2017.
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Improving global demand will continue to support exports and help underpin a recovery in services during 2017. However, growth is likely to be bumpy. Moreover, despite the recent easing in restrictions ...