Belgium: 2025 Article IV Consultation-Press Release; and Staff Report
Belgium: 2025 Article IV Consultation-Press Release; and Staff Report
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Volume/Issue:
Volume 2025
Issue 069
Publication date: March 2025
ISBN: 9798229005180
$20.00
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Topics covered in this book
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Labor , Economics- Macroeconomics , Public Finance , Environmental Conservation and Protection , executive board assessment , tax administration diagnostic assessment tool , CD center , single market , core inflation , Labor markets , Income , Wages , Global
Summary
The economy has been resilient to a series of shocks, but growth is slowing, and disinflation is facing headwinds. The labor market has been strong but shows early signs of cooling. Labor-cost competitiveness has declined with wage growth outpacing sluggish productivity. Successive shocks have increased structural fiscal deficits and public debt. Protracted coalition negotiations after elections in June 2024 stalled policymaking; a new federal government was formed in February 2025.
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