Belgium: Staff Report for the 2006 Article IV Consultation
IMF Staff Country Reports, March 5, 2007
Source details
- Canonical URL
- Belgium: Staff Report for the 2006 Article IV Consultation
Other formats
Bibliographic details
- Published: March 5, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451803273.002
Overview
- The economic upturn that started in mid-2005 in Belgium has remained on track.
- The recovery has broadened to all sectors of the economy.
Drivers of the Recovery
- Catch-up in private investment.
- Revival of private consumption.
- Cyclical expansion in neighboring countries.
Inflation and Monetary Conditions
- 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.
Labor and Structural Issues
- The upward trend in employment rates is set to continue.
Belgium: Staff Report for the 2006 Article IV Consultation, IMF Staff Country Report No. 2007/089.