IMF Staff Country Reports

Belgium: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belgium

Publication Date:

December 8, 2023

Electronic Access:

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Summary:

Supported by strong and timely policy response, the Belgium economy and its financial sector showed resilience in withstanding a series of shocks in the past three years. Still, as in most euro area countries, growth is slowing, and core inflation remains high. Furthermore, the pandemic and energy crisis increased already-high public debt and structural fiscal deficits. Meanwhile, an aging population and the climate transition are putting pressure on public finances while low productivity and labor participation are dampening potential growth.

Series:

Country Report No. 2023/386

Subject:

Energy prices Financial Sector Assessment Program Financial sector policy and analysis Fiscal consolidation Fiscal policy Fiscal stance Inflation International organization Monetary policy Prices

Frequency:

regular