Belgium: 2014 Article IV Consultation-Staff Report; Press Release

Publication Date: March 12, 2014

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Summary: The 2014 Article IV Consultation discusses economic developments and policies in Belgium. It highlights that despite its resilience, the Belgium economy has been losing competitiveness due to higher labor cost and lower productivity growths than peer countries. The government has taken measures to close the wage gap, but it is highlighted that the economy also needs to become more productive and adaptable through deeper product and labor market reforms. The supervisory and regulatory frameworks are being strengthened with a new draft banking law that restrains trading activities and improves the recovery and resolution framework.
Series: IMF Staff Country Reports
Subject(s): Article IV consultation reports | Fiscal policy | Public debt | Fiscal reforms | Labor market reforms | Pension reforms | Banks | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Belgium | Housing | Housing prices

Publication Date: March 12, 2014
ISBN/ISSN: 9781475541106/1934-7685 Format: Paper
Stock No: 1BELEA2014001 Pages: 71
US$18.00 (Academic Rate:
US$18.00 )
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