Moving to more sustainable and equitable sources of growth will require reforms to lift national saving, strengthen international linkages, reduce disparities in education outcomes and improve the formation of skills for the knowledge economy.
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The new government has set an ambitious course of economic and social reforms. Much progress has already been made. Yet productivity remains insufficient and more needs to be done to strengthen institutions.“
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After the crisis, Belgium needs to reduce public debt and secure fiscal sustainability via reforms to increase the internationally low effective retirement age, boost cost-efficiency in healthcare, and better utilise transport infrastructures.
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