Belgium: 2018 Article IV Consultation - Press Release; Staff Report

Publication Date:

March 8, 2018

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:

English

Publication Date:

March 8, 2018

ISBN/ISSN:

9781484346051/1934-7685

Stock No:

1BELEA2018005

Pages:

57

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