IMF Staff Country Reports

Belgium: Recent Economic Developments

Publication Date:

May 7, 1996

Summary:

This paper describes economic developments in Belgium during the 1990s. The moderate recovery experienced by Belgium in 1994 slowed in the course of 1995 as foreign demand faltered, and GDP growth for 1995 as a whole is now estimated at 2 percent. Domestic demand was supported by increased investment, but private consumption growth remained anemic as real disposable household income grew little. Since early 1994, the Belgian franc has generally been slightly appreciated relative to its central parity against the deutsche mark.

Series:

Country Report No. 1996/025

Subject:

Banking Expenditure Government debt management Public debt Public financial management (PFM) Revenue administration Social security contributions Taxes

Notes:

This report on recent economic developments was preapred by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.