Netherlands in recession after Q4 slump

AFP – The Dutch economy officially slipped into recession, according to official data released Wednesday, with a slump of 0.7 percent in the fourth quarter of last year, AFP reported. “The economy shrunk by 0.7 percent in the fourth quarter and by 0.4 percent in the third,” the Central Statistics Bureau said on its website. It added: “With this, the Dutch economy has entered a recession according to the conventional definition,” which classifies it as output contractions in two consecutive quarters. Read Article