Belgium : Staff Report for the 2002 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

March 4, 2003

Electronic Access:

Free Full Text (PDF file size is 1208 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2002 Article IV Consultation highlights that Belgium’s real GDP growth fell sharply in 2001 to 0.8 percent and remained weak in 2002 at an estimated 0.7 percent. The fundamental factor behind these developments was the slowdown in the economies of Belgium’s trading partners, especially Germany. Thus, Belgium’s export market growth fell from a robust 12.1 percent in 2000 to only 0.6 percent in 2001; in 2002, export markets shrank an estimated 1 percent. In 2002, employment began to decline and unemployment began to rise.

Series:

Country Report No. 03/49

Subject:

English

Publication Date:

March 4, 2003

ISBN/ISSN:

9781451803129/1934-7685

Stock No:

1BELEA0012003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

41

Please address any questions about this title to publications@imf.org