China’s economic lifeline is key for North Korea’s economy. Recent sanctions are expected to put more pressure on the regime in Pyongyang, but China also has its strategic interests related to North Korea.
Economic Comment Dutch version
The Dutch economy grew by 1.5 percent in Q2 and outpaced the solid growth in other Eurozone economies. Labour market figures in Q2 were also strong. Domestic and foreign demand can continue to drive a cyclical recovery.
Dutch Housing Market Quarterly Dutch version
We expect a house price growth of 7.6 percent in the Netherlands in 2017. Country-wide, price peak of 2008 will be surpassed in early 2018 – in the more peripheral provinces this can take until 2020. We expect a stagnation of the number of sales in the second half of 2017.
A review of the EC proposal for a Pan-European Pension Product (PEPP). We believe a PEPP will be more successful in some countries than others. In the Netherlands we currently see little added benefit for another individual pension product.