{
  "title": "Belgium: Staff Report for the 2004 Article IV Consultation",
  "publication": "IMF Staff Country Reports, March 3, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/belgium-staff-report-for-the-2004-article-iv-consultation-18096",
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  "summary": "This 2004 Article IV Consultation highlights that during the recent upswing, growth in Belgium has been comparatively robust, propelled by strong household spending and supported by the global recovery as well as macroeconomic policies.",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- During the recent upswing, growth in Belgium has been comparatively robust.\n- Growth was propelled by strong household spending and supported by the global recovery as well as macroeconomic policies.\n- Tax cuts and wage increases have sustained disposable income growth.\n- Household savings resumed a declining trend amid improvements in the economic outlook and public finances."
    },
    {
      "heading": "Outlook and projections",
      "content": "- IMF staff’s view: economic growth is expected to continue at a healthy pace in 2005.\n- Primary drivers of 2005 growth: private consumption and a likely strengthening of corporate investment and employment growth."
    },
    {
      "heading": "Labor, fiscal, and macroeconomic context",
      "content": "- Subjects listed: Employment, Employment rate, Fiscal policy, Fiscal stance, Labor, Labor costs, Public debt.\n- Keywords provided emphasize: employment growth, employment rate, Fiscal stance, growth outlook, growth prospect, Labor costs, spending, surplus, early retirement."
    },
    {
      "heading": "Document identifiers and publication note",
      "content": "- Publication date shown on page: March 3, 2005.\n- Series and identifiers on the landing page include: Country Report No. 2005/075; Issue 075; Pages: 44; ISBN: 9781451803204; DOI: https://doi.org/10.5089/9781451803204.002.\n\nSource: Belgium: Staff Report for the 2004 Article IV Consultation (March 3, 2005).\n\n---\n\n Content in this bundle\n\n- cr0575\n  - cr0575 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0575 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 3, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451803204.002",
    "During the recent upswing, growth in Belgium has been comparatively robust.",
    "Growth was propelled by strong household spending and supported by the global recovery as well as macroeconomic policies.",
    "Tax cuts and wage increases have sustained disposable income growth.",
    "Household savings resumed a declining trend amid improvements in the economic outlook and public finances.",
    "IMF staff’s view: economic growth is expected to continue at a healthy pace in 2005.",
    "Primary drivers of 2005 growth: private consumption and a likely strengthening of corporate investment and employment growth.",
    "Subjects listed: Employment, Employment rate, Fiscal policy, Fiscal stance, Labor, Labor costs, Public debt.",
    "Keywords provided emphasize: employment growth, employment rate, Fiscal stance, growth outlook, growth prospect, Labor costs, spending, surplus, early retirement.",
    "Publication date shown on page: March 3, 2005.",
    "Series and identifiers on the landing page include: Country Report No. 2005/075; Issue 075; Pages: 44; ISBN: 9781451803204; DOI: https://doi.org/10.5089/9781451803204.002.",
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