DUTCH KNITTING INDUSTRY WEATHERS RECESSION, SAY EXPERTS
January 11th, 2024
The Netherlands knitwear companies are fighting tough times. The country entered recession in 2023, caused by high inflation and energy prices, but it will survive, Dutch knitting experts have told Knitting International.
The country’s economy contracted by 0.5%. 0.4% and 0.2% in the first, second and third quarters of last year, meaning that the country is still officially in recession, government agency Statistics Netherlands (CBS - Centraal Bureau voor de Statistiek) chief economist Peter Hein van Mulligen said in November.
“We have a relatively small ...
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