ty brown

SUMMARY:

things arent looking to good for the dutch economy lately, consumption falls 1.8% and investments have dropped 6.4% this is the european unions worst GDP rating in quite a long time. housholds have been suffering some of the largest mortage debts in all of europe. further research into the subject has uncovered that falling house prices combined with highly in debted housholds can have a greatly negative affect on consumption. the only thing the government seems to be doing is making things worse the prime minister is scaling back a tax deduction on intrests paid on mortages which only puts more pressure on the already fradgile housholds.

i got this info from:


http://blogs.wsj.com/brussels/2012/11/15/dutch-economic-woes-deepen/?mod=WSJBlog&mod=brussels