Belgium Economic Snapshot

November 2023

Economic Outlook Note - Belgium


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Economic Policy Reforms: Going for Growth 2023 - Belgium

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Economic Survey of Belgium (June 2022)

Belgium’s recovery from the COVID-19 pandemic has been robust thanks to extensive policy support. However, the new shock from the war in Ukraine is exacerbating inflation, and supply and labour market shortages, highlighting the importance of boosting the resilience of the Belgian economy. Medium-term fiscal sustainability challenges should be addressed by limiting early exit possibilities from the labour market, improving the efficiency of public spending, in particular through spending reviews, and boosting the coordination of fiscal policies by all levels of government to create room for public investment. 

Executive Summary