Dutch central bank raises 2004 growth outlook

The Dutch central bank has raised its forecast for economic growth this year to 1.2 pct, while cutting the forecast for 2005 to 1.7 pct, the bank said in its latest quarterly report.

In its last forecast in June, the bank estimated growth of 0.8 pct in 2004 and 2 pct in 2005.

The higher forecast for this year is largely a result of stronger-than-expected growth in world trade, while the lower outlook for 2005 is a result of higher oil prices, the bank said.

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