Dutch government expects unemployment to fall to record low

Dutch King Willem-Alexander and Queen Maxima, center, arrive in a horse-drawn carriage at the Knight's Hall in The Hague, Netherlands, Tuesday, Sept. 18, 2018, for a ceremony marking the opening of the parliamentary year with a speech by King Willem-Alexander outlining the government's budget plans for the year ahead. (AP Photo/Peter Dejong)
Dutch Prime Minister Mark Rutte uses his mobile phone in The Hague, Netherlands, Tuesday, Sept. 18, 2018, prior to a ceremony marking the opening of the parliamentary year with a speech by King Willem-Alexander outlining the government's budget plans for the year ahead. (AP Photo/Peter Dejong)
Woman in traditional Dutch clothing from the village of Staphorst look at their smart phones as they wait for Dutch King Willem-Alexander and Queen Maxima's arrival in a horse-drawn carriage at the Knight's Hall in The Hague, Netherlands, Tuesday, Sept. 18, 2018, for a ceremony marking the opening of the parliamentary year with a speech by King Willem-Alexander outlining the government's budget plans for the year ahead. (AP Photo/Peter Dejong)
Dutch Prime Minister Mark Rutte flashes a thumbs up as he talks on in his phone in The Hague, Netherlands, Tuesday, Sept. 18, 2018, prior to a ceremony marking the opening of the parliamentary year with a speech by King Willem-Alexander outlining the government's budget plans for the year ahead. (AP Photo/Peter Dejong)

THE HAGUE, Netherlands — The Dutch government says the country's economy will grow by 2.6 percent next year and unemployment will fall to a record low of 3.5 percent.

The projected sixth year of growth reflects an economy that has recovered strongly from the global financial crisis a decade ago.

King Willem-Alexander unveiled the projections Tuesday while opening the new parliamentary year with a speech to both houses of parliament that outlines the policy plans of Prime Minister Mark Rutte's four-party ruling coalition.

The king and Queen Maxima rode through crowd-lined streets of The Hague in a horse-drawn carriage to deliver the speech that is written by the government, at the historic Knights Hall in the middle of the parliamentary complex.

Finance Minister Wopke Hoekstra will present the detailed budget plans to lawmakers later.

Must Read

Planned racing ad on sails of Sydney Opera House...

Oct 8, 2018

A plan to project a horse racing advertisement on the famed sails of the Sydney Opera House is...

US president helps fuel surge in Mexican tourism...

Mar 14, 2017

Canada has seen a surge of visitors from Mexico since December when it lifted a visa requirement, a...

Trudeau declines to meet Trump because of US...

Jun 1, 2018

Canadian Prime Minister Justin Trudeau says he offered to go Washington this week to complete talks...

Trump throws G-7 into disarray with tweets after...

Jun 10, 2018

Trump throws G-7 summit into disarray, tweets that US is pulling back its endorsement of group's...

The Latest: Trump tweeting about G-7 before Kim...

Jun 11, 2018

President Donald Trump is taking more swipes at Canada and its prime minister over trade issues as...

About Us

Banking Reporter is the largest-circulated online business news in the United States, bringing a whole new genre of business journalism more up close and more incisive.

Contact us: sales[at]bankingreporter.com

Subscribe Now!