Although the Dutch economy's outlook is less pessimistic and gloomy than before, the government is nevertheless aware that there is still a lot of uncertainty, Netherlands Finance Minister Sigrid Kaag tells CNBC in an interview at the World Economic Forum in Davos. Although inflation levels are coming down, interest rates haven't peaked yet and core inflation in the Netherlands has broadened and consolidated, she says. Despite inflation having peaked in the country, it will remain quite high and employers are yet to take salary hikes to the level labor unions and employees expect, so there might be a recalibration in the Netherlands this year, Kaag says. "We need 2023 and probably 2024 to feel more solid about what the future holds," she says.
This item will be updated later Thursday.
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(END) Dow Jones Newswires
01-19-23 0903ET
