Belgium: Staff Report for the 2006 Article IV Consultation

March 5, 2007

Preview Citation

Format: Chicago

Belgium: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

This 2006 Article IV Consultation highlights that the economic upturn that started in mid-2005 in Belgium has remained on track. On the heels of a catch-up in private investment, the revival of private consumption and the cyclical expansion in neighboring countries have broadened the recovery to all sectors of the economy. Underlying inflation has been stable and broadly in line with the euro area average. Despite some real exchange rate appreciation and interest rate hikes, monetary conditions have remained accommodating. On other structural issues, the upward trend in employment rates is set to continue.

Subject: Expenditure, Fiscal policy, Fiscal stance, Labor, Labor costs, Public debt, Wages

Keywords: Budget surplus, Central and Eastern Europe, CR, Eastern Europe, Fiscal policy, Fiscal stance, Global, IMF staff projection, Interest rate hike, ISCR, Labor costs, Labor market, Surplus, Wages

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/089
Stock No:

1BELEA2007002
ISBN:

9781451803273
ISSN:

1934-7685

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