Belgium: Staff Report for the 2004 Article IV Consultation

March 3, 2005

Preview Citation

Format: Chicago

Belgium: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 21, 2024

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. Tax cuts and wage increases have sustained disposable income growth, while household savings resumed a declining trend amid improvements in the economic outlook and public finances. In the IMF staff’s view, economic growth is expected to continue at a healthy pace in 2005, driven by private consumption as well as a likely strengthening of corporate investment and employment growth.

Subject: Employment, Employment rate, Fiscal policy, Fiscal stance, Labor, Labor costs, Public debt

Keywords: Authority, CR, Early retirement, Employment, Employment growth, Employment rate, Employment rate, Fiscal stance, Global, Growth, Growth outlook, Growth prospect, ISCR, Labor costs, Spending, Surplus

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/075
Stock No:

1BELEA2005001
ISBN:

9781451803204
ISSN:

1934-7685

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