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Fuel costs for low-income workers could rise by €1,000: CPB - DutchNews.nl
5 Articles
5 Articles
Rising inflation, declining economic growth, and falling purchasing power: the CPB's analysis of the consequences of the energy crisis is scathing. The fact that, for the time being, only a small group of Dutch people is being hit hard makes devising targeted policy difficult.
The consequences of the war in the Middle East are leading to higher inflation and a decline in purchasing power. This is the expectation of the Netherlands Central Planning Bureau (CPB). Within the lower-income group, there are significant differences in the impact due to high fuel prices, according to a report. The bureau examined the impact of the war on the Dutch economy using three scenarios. It looked at a scenario based on market expectat…
Middle East war drives energy surge, pushing up inflation and weakening Dutch economy
A wave of higher energy prices driven by the war in the Middle East is expected to push up inflation, weaken economic growth, and erode household purchasing power in the Netherlands, according to a Centraal Planbureau (CPB) scenario study published Thursday. The projections show broad economic pressure under all scenarios, with sharper impacts if elevated oil prices persist.
Due to the Iran war, the Dutch are unlikely to be better off financially on average this year. The Netherlands Central Planning Bureau warns of this in a new analysis of the consequences of the conflict, which has caused a sharp rise in oil and gas prices.
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