A highly educated and skilled workforce has been an important driver of productivity performance and prosperity in Belgium.
A favourable business environment is crucial to boosting Belgium’s productivity and inclusiveness and to sustain improvements in long-term economic prosperity.
Belgium performs well in many economic and social dimensions. The macroeconomic policy framework is sound and has been strengthened by many important reforms in recent years, including in labour taxation, business regulation and support for the self-employed and SMEs.
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This country note from Going for Growth 2017 for Belgium identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Housing conditions in Belgium are among the best in OECD countries according to the Better Life Index, as dwellings are of high quality and large, and housing costs are average.
Improving the labour market performance of immigrants requires a two-fold strategy. First, policies specific to migrants need to be enhanced. Second, general reforms to improve the functioning of the economy, desirable in any case, could also have a significant positive impact on immigrants.
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This country note from Going for Growth 2015 for Belgium identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
The Belgian economy has returned to growth and continues scoring well on broader measures of well-being, but further reforms will be needed to secure fiscal sustainability while promoting employment and competitiveness, according to the latest OECD Economic Survey of Belgium 2015.
Belgium has a good record in delivering accessible care, but adaptation to population ageing will be complicated by the fragmentation of responsibilities in the healthcare system and a strong reliance on government regulations.