RaboResearch - Economisch Onderzoek

Landenrapport

Belgium: recovery at a snail's pace (Engelstalig)

The centre-right government has successfully implemented several policy measures to improve Belgian price competitiveness. High public debt, inflation and security issues are the most prominent downward risks for a stable economic recovery.

Landenrapport

Country Report Belgium (Engelstalig)

The new centre-right government plans to target the budget deficit and Belgian firms’ competitiveness. Thanks to various measures implemented by the former and current government, the increase in unit labour costs came to halt in 2014.

Landenrapport

Country Report Belgium (Engelstalig)

Despite the recovery of the economy, it has lost competitiveness due to higher labour cost and lower productivity growth than European countries. The government deficit decreased below 3% of GDP but the government debt level remains high.

Landenrapport

Country Report Belgium (Engelstalig)

Weaker growth prospects and political hurdles challenge the government’s commitment to fiscal austerity and the implementation of unpopular, yet necessary, reforms. That said, the country’s underlying economic fundamentals remain strong.

Landenrapport

Belgium (Country report) (Engelstalig)

The new government has immediately announced a credible austerity package. Although political instability is not off the table for the coming years, the financial position of the private sector and the institutional power are strong.

Landenrapport

Belgium (Country report) (Engelstalig)

The ongoing political stalemate poses a threat to the necessary structural adjustments of the government budget. We don’t expect a satisfying level of budgetary adjustments in the short term and are unsure about the resulting sentiment in financial markets.