Belgium: Staff Report for the 2014 Article IV Consultation

March 12, 2014

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Belgium: Staff Report for the 2014 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed December 26, 2024

Summary

The 2014 Article IV Consultation discusses economic developments and policies in Belgium. It highlights that despite its resilience, the Belgium economy has been losing competitiveness due to higher labor cost and lower productivity growths than peer countries. The government has taken measures to close the wage gap, but it is highlighted that the economy also needs to become more productive and adaptable through deeper product and labor market reforms. The supervisory and regulatory frameworks are being strengthened with a new draft banking law that restrains trading activities and improves the recovery and resolution framework.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Crime, Financial institutions, Fiscal policy, Labor, Labor taxes, Loans, Mortgages, Taxes, Wages

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Budget, CR, Deficit, Europe, Global, Government, Headline inflation, Increase labor market participation, ISCR, Labor market condition, Labor taxes, Loans, Product market rigidity, Structural adjustment, Wages

Publication Details

Pages:

71
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/076
Stock No:

1BELEA2014001
ISBN:

9781475541106
ISSN:

1934-7685

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