IDEAS home Printed from https://ideas.repec.org/a/iem/conjun/y2014id2822000009585027.html
   My bibliography  Save this article

Belgium

Author

Listed:
  • Calanter Paul

Abstract

According to the estimates contained in the European Commission "Spring" Report, published on May 9th 2014, for Belgium the year 2013 has been characterized by an economic stagnation, the main cause being a reduction of the gross fixed capital formation. For the period 2014-2015 an economic recovery is expected, private consumption being the main determining factor, alongside the increased investments. The mix of fiscal policies, low energy prices and moderate wage growth will reduce the inflationary pressures. European Commission experts have estimated for 2013 a growth rate of +0.2%, compared to the -0.1% rate recorded in 2012, which indicates that economy has been in stagnation, in the past two years. We can mention that this growth pace has been also projected by the International Monetary Fund in the Report published on April 10th 2014. In terms of Belgium’s GDP growth for the period 2014-2015, it will accelerate to 1.4% and 1.6%, respectively, which indicates that economy rebounds slightly this year. We also mention the fact that the IMF estimated a growth rate of GDP of only 1.2% for both 2014 and 2015.

Suggested Citation

  • Calanter Paul, 2014. "Belgium," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2014:id:2822000009585027
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iem:conjun:y:2014:id:2822000009585027. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ionela Baltatescu (email available below). General contact details of provider: https://edirc.repec.org/data/imacaro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.