IMF Staff Country Reports

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

March 8, 2018

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Belgium: 2018 Article IV Consultation - Press Release; Staff Report, (USA: International Monetary Fund, 2018) accessed November 21, 2024

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.

Subject: Corporate income tax, Employment, Labor, Labor markets, Labor taxes, Production, Productivity, Taxes

Keywords: Authority, Belgium, Belgium's productivity growth, Corporate income tax, CR, Employment, Employment growth, Europe, Global, ISCR, Labor market measure, Labor markets, Labor taxes, Productivity, Productivity development, Productivity growth

Publication Details

  • Pages:

    57

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2018/071

  • Stock No:

    1BELEA2018005

  • ISBN:

    9781484346051

  • ISSN:

    1934-7685

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