Belgium Article Iv Consultation

Author : International Monetary
Publisher : International Monetary Fund
ISBN 13 : 1513597884
Total Pages : 66 pages
Book Rating : 4.81/5 ( download)

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Download or read book Belgium: 2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Belgium written by International Monetary and published by International Monetary Fund. This book was released on 2021-09-15 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Belgium was hit hard early by Covid-19, but a timely, strong, and sustained health and economic policy response helped cushion impacts. A coalition government took office in October 2020, giving greater policy clarity and rightly prioritizing the Covid-19 crisis. A highly-effective vaccine rollout has facilitated reopening and recovery.

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1513538837
Total Pages : 69 pages
Book Rating : 4.39/5 ( download)

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Download or read book Belgium written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2020-03-31 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2020 Article IV Consultation with Belgium highlights that economic activity has held up relatively well over the last year, but the outlook is clouded by unusual uncertainty and risks. The coronavirus outbreak is expected to reduce growth this year, and the outlook is highly uncertain and subject to risks, including more widespread and damaging effects of the coronavirus, escalating trade tensions, a sharper euro-area growth slowdown, and prolonged domestic political gridlock. Policies should focus on addressing the coronavirus outbreak in the near term and rebuilding resilience and addressing structural challenges in the medium run. The immediate policy priority is to contain the spread and damaging effects of the coronavirus through targeted temporary support measures to affected firms and individuals, while ensuring that the healthcare system has adequate resources to address the crisis. Reversing the declining trend in productivity growth is essential to support higher standards of living and safeguard fiscal sustainability. Thus, reform efforts would need to focus on reducing red tape for start-ups, lowering regulatory barriers to competition in key sectors, supporting access to venture capital for innovative firms, and boosting public investment in infrastructure, fiscal space permitting.

Author : International Monetary
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 65 pages
Book Rating : 4.85/5 ( download)

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Download or read book Belgium written by International Monetary and published by International Monetary Fund. This book was released on 2023-03-02 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Post-pandemic recovery slowed with spillovers from Russia’s war in Ukraine and high inflation, financial conditions tightening, and elevated uncertainty. In response to the spike of energy prices, the federal and regional authorities provided timely and substantial support to households and firms. Along with automatic indexation of wages and benefits, energy support helped cushion impacts, although at significant cost, increasing the fiscal deficit in 2022 and 2023. The labor market has remained tight, with record-high job creation and low unemployment. The external current account swung to a large deficit in 2022, due largely to higher energy imports and lower vaccine exports. Energy consumption is being cut, and gas imports reoriented. A resilient financial sector is facing challenges from the weaker macro-financial environment.

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.83/5 ( download)

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Download or read book Belgium written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 149830267X
Total Pages : 77 pages
Book Rating : 4.78/5 ( download)

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Download or read book Belgium written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2019-03-08 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Article IV Consultation highlights that Belgium has experienced nine consecutive years of economic growth. Per capita GDP has surpassed pre-crisis levels, and unemployment is at its lowest level in four decades. The financial sector has also undergone structural changes and increased its resiliency to shocks. The authorities have implemented important reforms in recent years that have contributed to job creation, improved competitiveness, and lowered the deficit. However, the reform agenda is unfinished, and the new government should take advantage of the still favorable economic conditions to press ahead with further reforms to strengthen the resilience and growth potential of the economy. The priority should be to rebuild fiscal buffers by gradually moving toward a balanced budget in the medium term, supported by efficiency-oriented spending reforms. It is also imperative to boost productivity growth by supporting entrepreneurship, increasing investment in infrastructure, strengthening competition in services, and fostering innovation.

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Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.49/5 ( download)

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Download or read book Belgium ... Article IV Consultation written by and published by . This book was released on 2009 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 77 pages
Book Rating : 4.78/5 ( download)

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Download or read book Belgium written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2023-12-08 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1498355102
Total Pages : 60 pages
Book Rating : 4.00/5 ( download)

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Download or read book Belgium written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-03-12 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2015 Article IV Consultation highlights that Belgian economy has shown considerable resilience but the outlook is weighed down by weak demand in Europe. Healthy private balance sheets, integration with Germany, and employment support schemes have helped sustain employment and economic activity. However, output is still well below potential and with, subdued growth prospects, job creation remains insufficient. Fiscal adjustment is expected to resume after a pause in 2014. The pace of adjustment targeted by the authorities for 2015–16 is appropriate given the level of debt and related risks.

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.81/5 ( download)

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Download or read book Belgium written by and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1475525265
Total Pages : 71 pages
Book Rating : 4.67/5 ( download)

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Download or read book Belgium written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2014-03-10 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.