Economic outlook, analysis and forecasts

Belgium - Economic forecast summary (November 2018)


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Economic growth slowed in 2018 and is projected to remain at around 1½ per cent in 2019 and 2020. Domestic demand will be the main driver of growth. Government investment will be strong in 2020, and private investment will also support growth in the coming two years. Underlying price inflation will pick up gradually due to increasing wage growth in a tight labour market. 

Public debt is projected to decline throughout the projection period, despite some loosening of fiscal policy due to a reduction of taxes. Raising skills and work opportunities for disadvantaged groups would make growth more inclusive. To make growth greener, transport infrastructure should be improved and congestion charges extended, while productivity would be enhanced by reducing barriers to firm entry and exit.



Source: OECD Economic Outlook 104 database.

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Other information

Economic Survey of Belgium (survey page)


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