Belgium: 2017 Article IV Consultation-Press Release; Staff Report; Supplementary Information

March 17, 2017

Preview Citation

Format: Chicago

Belgium: 2017 Article IV Consultation-Press Release; Staff Report; Supplementary Information, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This 2017 Article IV Consultation highlights Belgium’s recovery, which is expected to strengthen modestly in 2017, with real GDP projected at 1.6 percent. The medium-term outlook remains constrained by structurally weak growth in advanced economies. Downside risks are significant, including those related to global and regional uncertainties that could affect trade and financial markets. Fiscal sustainability therefore remains tenuous and sensitive to potential shocks. Although private employment has been recovering, there is entrenched high unemployment and inactivity among certain groups, including the young, those with few skills, and immigrants from outside the European Union.

Subject: Income, Labor, Labor markets, Labor taxes, National accounts, Public debt, Taxes, Wages

Keywords: Center, Consumption growth, CR, Europe, General government balance, Global, Income, Investment growth, ISCR, Labor market market fragmentation, Labor markets, Labor taxes, Report, Staff appraisal, Wages

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/069
Stock No:

1BELEA2017001
ISBN:

9781475587630
ISSN:

1934-7685

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