RTTNews - Dutch gross domestic product or GDP fell for the fifth straight quarter in the second quarter as exports, investment and household consumption dropped. But, government spending increased.
GDP fell 0.9% quarter-on-quarter in the second quarter after a revised drop of 2.7% in the first quarter. The economy shrank more than the expected 0.7% contraction.
Compared to the previous year, GDP declined 5.1%, quicker than a 4.5% decrease logged in the first three months of the year. Economists had predicted the economy to shrink 4.9% in the second three-month period.
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