The Dutch economy is set to grow 2% in 2015, the strongest growth since 2008, according to ING economic analysts on Tuesday.

The analysts say the expected strong growth comes from businesses increasing their investments and consumers spending more.

Much of the improvement comes from the lower value of the euro which is helping exports, from the falling oil price and from the improvement in the housing market, the bank says.

Last month, the government’s macro-economic forecasting agency CPB was slightly less optimistic, saying the Dutch economy will grow 1.7% this year and 1.8% in 2016.

In its forecast, ING says it expects the Dutch business sector and the government to invest 6% more than in 2014.