RaboResearch - Economic Research

Country Report

Country Report Belgium

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.

Economic Update

Belgium: slow economic growth continues

We expect the Belgian economy to grow by around 1¼% in 2015, supported by household consumption and exports. There will be further economic growth (1½%) in 2016, driven by the global economy and investment, but consumption growth will then slow down.