Belgium: 2013 Article IV Consultation

May 17, 2013

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Belgium: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed November 22, 2024

Summary

The Belgian economy showed considerable progress through 2011 in terms of both growth and employment. However, the 2013 Article IV Consultation underlines that the European recession has had a negative impact on its economy, giving rise to unemployment. The economy has entered its second year of near zero growth. To help restore competitiveness and improve financial market conditions, decisive actions have been taken. Important decisions in 2012 include pension schemes and unemployment benefit systems with the objective of raising the employment rate to 73 percent by 2020.

Subject: Banking, Expenditure, Financial institutions, Fiscal consolidation, Fiscal policy, Fiscal stance, Loans, Public debt

Keywords: CR, Debt ratio, Europe, Fiscal consolidation, Fiscal stance, Global, Government, Government ownership, Growth outlook, IMF staff projection, Indexation, ISCR, Loans, Price indexation

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/123
Stock No:

1BELEA2013001
ISBN:

9781484380062
ISSN:

1934-7685

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