Belgium: 2025 Article IV Consultation-Press Release; and Staff Report

International Monetary Fund

No 2025/069, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: executive board assessment; tax administration diagnostic assessment tool; CD center; single market; core inflation; Labor markets; Income; Wages; Global (search for similar items in EconPapers)
Pages: 73
Date: 2025-03-20
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