amsterdam nov 15 reuters  the dutch economy shrank 02 on a quarterly basis in the third quarter as rising interest rates slowed down the housing market and surging inflation put a brake on consumption a first estimate released on tuesday showed the euro zones fifth largest economy performed worse than expected in the julyseptember period as economists in a reuters poll on average had predicted 00 growth investments fell 17 as rising mortgage rates cooled the yearslong boom in the dutch property market while consumption growth slowed to 01 the dutch economy was 31 larger than in the third quarter of 2021 when consumption was still limited by covid19 restrictions economic growth is expected to drop to 15 next year from an estimated 46 in 2022 the governments economic advisory board said in september as ballooning energy bills and the rising costs of living further limit consumer spending