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Rather, the ratings agency says it has had to lower its assessment of the Netherlands' underlying rate of growth, because that rate seems to have fallen far behind those of high-income peers such as Germany.
Britain's underlying rate of consumer-price inflation, excluding mortgage interest payments, rose slightly in March, to 2.3%.
If the underlying rate of TFP growth has fallen from its historical norm of 1.5% a year to near zero in countries such as the US, then the living standards of today's young adults will rise much more slowly than those of their parents.
It is now on a long-term path of 23 to 24% of GDP, which means the underlying rate of unemployment in the economy is going to be higher.
If the underlying rate of growth of the labor force is 900,000 a year, it would take us more than four years to get back to pre-recession employment rates.
The underlying rate of growth is not that strong.
The underlying rate of growth of the economy is still in a 2.5-3.0 2.5-3.0
The underlying rate of inflation, excluding food and energy costs, is modest -- at about 1.3percentt.
It is also important to recognise just how slow the underlying rate of growth in the economy actually is.
The underlying rate of retail price index inflation rose to 3% in December from 2.9% in November.
The underlying rate of retail price index inflation fell to 2.8% in June, from 3.1% in May.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com