Belgium: Staff Report for the 2001 Article IV Consultation

International Monetary Fund

No 2002/042, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2001 Article IV Consultation highlights that following four years of robust expansion, real GDP growth in Belgium slowed markedly in 2001, as higher oil prices, declining equity values, and the deteriorating external environment adversely affected business investment, household consumption, and exports. The outlook for 2002 depends critically on a recovery in the world economy and, especially, in Belgium’s key European trading partners. Growth for the year is projected by the IMF staff at 0.7 percent, although activity is expected to pick up significantly in the second half of the year.

Keywords: ISCR; CR; government; IMF staff projection; firm; authority; reform; management reform; headline inflation; staff scenario; unemployment rate; central bank; structural surplus; wage growth; budget balance; banking sector; fiscal policy; IMF's assessment; Labor markets; Fiscal stance; Wages; Europe; Global (search for similar items in EconPapers)
Pages: 45
Date: 2002-03-13
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=15699 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2002/042

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().