Belgium

Calanter Paul

Conjunctura economiei mondiale / World Economic Studies, 2014

Abstract: According to the estimates contained in the European Commission "Spring" Report, published on May 9th 2014, for Belgium the year 2013 has been characterized by an economic stagnation, the main cause being a reduction of the gross fixed capital formation. For the period 2014-2015 an economic recovery is expected, private consumption being the main determining factor, alongside the increased investments. The mix of fiscal policies, low energy prices and moderate wage growth will reduce the inflationary pressures. European Commission experts have estimated for 2013 a growth rate of +0.2%, compared to the -0.1% rate recorded in 2012, which indicates that economy has been in stagnation, in the past two years. We can mention that this growth pace has been also projected by the International Monetary Fund in the Report published on April 10th 2014. In terms of Belgium’s GDP growth for the period 2014-2015, it will accelerate to 1.4% and 1.6%, respectively, which indicates that economy rebounds slightly this year. We also mention the fact that the IMF estimated a growth rate of GDP of only 1.2% for both 2014 and 2015.

Keywords: Growth rate; grossed fixed capital formation; domestic demand; general government balance (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:iem:conjun:y:2014:id:2822000009585027

Access Statistics for this article

Conjunctura economiei mondiale / World Economic Studies is currently edited by Simona Moagar Poladian, PhD

More articles in Conjunctura economiei mondiale / World Economic Studies from Institute for World Economy, Romanian Academy Contact information at EDIRC.
Bibliographic data for series maintained by Ionela Baltatescu ( this e-mail address is bad, please contact ).