Belgium Economic Outlook
January 29, 2019Available fourth-quarter data points to a sluggish end to last year, although buoyant retail sales through November suggest that domestic demand largely held up. Despite a tight labor market, however, household spending looks to have clocked only modest growth through year-end as income gains were increasingly offset by higher inflation. Meanwhile, late-year exports suffered amid industrial-output losses in France and Germany—contrasting the third quarter’s moderate, export-led national accounts. In the political arena, Prime Minister Charles Michel’s resignation on 18 December followed a parliamentary standoff over his opposition to a UN-led migration pact. With the caretaker government seemingly reticent to rock the boat, economic policy is unlikely to shift in the run-up to federal elections in May.
Belgium Economic GrowthDespite solid economic fundamentals, growth is expected to remain modest this year amid a more challenging European backdrop. Household spending is set to get a boost from recent wage-indexing measures and lower energy costs, although any upturn would likely be moderate. Meanwhile, cheap financing and tighter industrial capacity ought to sustain fixed investment. Downside risks hinge on the highly-open nature of the economy; a slowdown across the Eurozone and any escalation of trade conflicts stand to bruise exports. Met the why particular analysts project growth of 1.4% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.3% in 2020.
Belgium Economy Data
5 years of Belgium economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.77||0.15 %||Jan 30|
|Exchange Rate||1.14||0.65 %||Jan 30|
|Stock Market||3,488||-0.23 %||Jan 30|
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Belgium Economic News
March 25, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) edged up by 1.0 point in March to minus 6.0 points.
February 28, 2019
Belgium’s economy grew 0.3% quarter-on-quarter and in seasonally-adjusted terms in the fourth quarter of last year (Q3 2018: +0.3% quarter-on-quarter s.a.), according to a comprehensive estimate released by the National Bank of Belgium (NBB) on 28 February.
February 25, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell another 1.0 point in February to minus 7.0 points.
February 25, 2019
Industrial output increased 0.2% on an annual basis in December, down from November’s 3.7% increase.
January 30, 2019
Belgium’s economy grew 0.3% quarter-on-quarter and in seasonally-adjusted terms in the fourth quarter of last year (Q3 2018: +0.3% quarter-on-quarter s.a.), according to a first estimate released by the National Bank of Belgium (NBB) on 30 January.