Belgium: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
Electronic Access:
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Summary:
Although economic performance has remained good, difficulties in building consensus for institutional reform have caused an ill-affordable hiatus in economic policymaking. Robust economic activity absorbed a growing labor force and allowed the unemployment rate to decline continuously. Low-income groups are being disproportionately affected by the food and energy price increases, triggering a necessary increase in targeted income support. The authorities agreed that various indicators suggest that the current level of the real effective exchange rate is broadly appropriate.
Series:
Country Report No. 2008/111
Subject:
Expenditure Fiscal consolidation Fiscal policy Fiscal stance Income National accounts Public debt
English
Publication Date:
March 27, 2008
ISBN/ISSN:
9781451803280/1934-7685
Stock No:
1BELEA2008001
Pages:
46
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