Belgium: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belgium

December 8, 2023

Preview Citation

Format: Chicago

Belgium: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belgium, (USA: International Monetary Fund, 2023) accessed December 21, 2024

Summary

Supported by strong and timely policy response, the Belgium economy and its financial sector showed resilience in withstanding a series of shocks in the past three years. Still, as in most euro area countries, growth is slowing, and core inflation remains high. Furthermore, the pandemic and energy crisis increased already-high public debt and structural fiscal deficits. Meanwhile, an aging population and the climate transition are putting pressure on public finances while low productivity and labor participation are dampening potential growth.

Subject: Energy prices, Financial Sector Assessment Program, Financial sector policy and analysis, Fiscal consolidation, Fiscal policy, Fiscal stance, Inflation, International organization, Monetary policy, Prices

Keywords: Belgium economy, Energy prices, Financial Sector Assessment Program, Fiscal consolidation, Fiscal stance, FSAP stress tests, General government balance, General government statement, Global, Government formation, Inflation, Money market rate

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/386
Stock No:

1BELEA2023004
ISBN:

9798400260278
ISSN:

1934-7685

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