Belgium: 2013 Article IV Consultation

International Monetary Fund

No 2013/123, IMF Staff Country Reports from International Monetary Fund

Abstract: The Belgian economy showed considerable progress through 2011 in terms of both growth and employment. However, the 2013 Article IV Consultation underlines that the European recession has had a negative impact on its economy, giving rise to unemployment. The economy has entered its second year of near zero growth. To help restore competitiveness and improve financial market conditions, decisive actions have been taken. Important decisions in 2012 include pension schemes and unemployment benefit systems with the objective of raising the employment rate to 73 percent by 2020.

Keywords: ISCR; CR; government; indexation; price indexation; government ownership; debt ratio; IMF staff projection; growth outlook; Fiscal stance; Fiscal consolidation; Loans; Europe; Global (search for similar items in EconPapers)
Pages: 53
Date: 2013-05-17
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