Belgium: 2018 Article IV Consultation - Press Release; Staff Report
Electronic Access:
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Summary:
This 2018 Article IV Consultation highlights that the economic recovery in Belgium is gaining momentum, with real GDP growth expected to approach 2 percent in 2018 after an estimated 1.7 percent in 2017. It is driven by strong investment and solid consumption growth, and supported by favorable financial conditions as well as a strengthening recovery throughout Europe. Employment growth has picked up, thanks in part to past reform efforts. The fiscal position has improved, reflecting a mix of cyclical, structural, and one-off factors. The medium-term outlook, however, remains subdued in the absence of further structural reforms to raise potential growth, and subject to both external and domestic risks.
Series:
Country Report No. 2018/071
Subject:
Corporate income tax Employment Labor Labor markets Labor taxes Production Productivity Taxes
English
Publication Date:
March 8, 2018
ISBN/ISSN:
9781484346051/1934-7685
Stock No:
1BELEA2018005
Pages:
57
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