The Dutch housing market will see no meaningful change in the short term. Prices will fall and sales numbers will remain low. However, we do expect to see a temporary pickup in sales in the fourth quarter of 2012.
How do businesses fund their growth in the coming years? We conclude that large companies fund themselves to a significant extent with equity, whereas small and medium-sized enterprises (SMEs) depend mainly on bank lending for their funding.
In 2013 the Dutch economy will show a very low growth rate of just 0.25%. Globally, the emerging markets will drive economic growth mostly. We project that, mainly as a result of the euro crisis, the global economy will grow by only 3.75% in 2013.
On 29 October coalition partners VVD and PvdA presented their programme for government. Projected savings of 15? bn euro are to be achieved via measures that are to come on top of proposals under the 1st Rutte cabinet and the 2013 budget agreement.