Belgium: 2005 Article IV Consultation Staff Report; and Public Information Notice on the Executive Board Discussion

March 1, 2006

Preview Citation

Format: Chicago

Belgium: 2005 Article IV Consultation Staff Report; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2006) accessed November 24, 2024

Summary

This 2005 Article IV Consultation highlights that Belgium’s growth has picked up following weakness in early 2005, mainly reflecting a negative contribution from the external sector and weak household consumption owing to high energy prices. The authorities and the IMF staff project GDP growth to strengthen into 2006 to somewhat more than 2 percent, as demand from trading partners increases further. Private consumption is projected to pick up in response to tax cuts, and residential construction is likely to remain resilient, even though housing price growth is likely to slow.

Subject: Expenditure, Labor, Public debt, Taxes

Keywords: Budget surplus, CR, GDP, Global, House price growth, Housing price development, IMF staff projection, ISCR, Labor costs, Labor market rigidity, Rate, Social security contributions, Staff project GDP growth, Tax, Wages

Publication Details

Pages:

45
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/074
Stock No:

1BELEA2006002
ISBN:

9781451803235
ISSN:

1934-7685

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