{
  "title": "Belgium: Staff Report for the 2002 Article IV Consultation",
  "publication": "IMF Staff Country Reports, March 4, 2003",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/belgium-staff-report-for-the-2002-article-iv-consultation-16367",
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  "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.",
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    {
      "heading": "Economic performance (real GDP)",
      "content": "- Real GDP growth fell sharply in 2001 to 0.8 percent.\n- Real GDP growth remained weak in 2002 at an estimated 0.7 percent.\n- Fundamental driver: slowdown in the economies of Belgium’s trading partners, especially Germany."
    },
    {
      "heading": "External sector and export markets",
      "content": "- Export market growth fell from 12.1 percent in 2000 to 0.6 percent in 2001.\n- In 2002, export markets shrank an estimated 1 percent."
    },
    {
      "heading": "Labor market developments",
      "content": "- In 2002, employment began to decline.\n- In 2002, unemployment began to rise."
    },
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      "content": "- Subject tags on the report include: Budget planning and preparation, Expenditure, Fiscal policy, Fiscal stance, Labor, Labor markets, Public debt, Wages.\n- Publication details provided on the page:\n  - Pages: 41\n  - Volume: 2003\n  - Issue: 049\n  - Series: Country Report No. 2003/049\n  - DOI: https://doi.org/10.5089/9781451803129.002\n  - ISBN: 9781451803129\n  - ISSN: 1934-7685\n\nBelgium: Staff Report for the 2002 Article IV Consultation, March 4, 2003.\n\n---\n\n Content in this bundle\n\n- cr0349\n  - cr0349 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0349 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 4, 2003",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451803129.002",
    "Real GDP growth fell sharply in 2001 to 0.8 percent.",
    "Real GDP growth remained weak in 2002 at an estimated 0.7 percent.",
    "Fundamental driver: slowdown in the economies of Belgium’s trading partners, especially Germany.",
    "Export market growth fell from 12.1 percent in 2000 to 0.6 percent in 2001.",
    "In 2002, export markets shrank an estimated 1 percent.",
    "In 2002, employment began to decline.",
    "In 2002, unemployment began to rise.",
    "Subject tags on the report include: Budget planning and preparation, Expenditure, Fiscal policy, Fiscal stance, Labor, Labor markets, Public debt, Wages.",
    "Publication details provided on the page:",
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