Belgium: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belgium
International Monetary Fund. European Dept.
Mar 2019 · International Monetary Fund
Ebook
77
Pages
reportRatings and reviews aren’t verified Learn More
About this ebook
This Article IV Consultation highlights that Belgium has experienced nine consecutive years of economic growth. Per capita GDP has surpassed pre-crisis levels, and unemployment is at its lowest level in four decades. The financial sector has also undergone structural changes and increased its resiliency to shocks. The authorities have implemented important reforms in recent years that have contributed to job creation, improved competitiveness, and lowered the deficit. However, the reform agenda is unfinished, and the new government should take advantage of the still favorable economic conditions to press ahead with further reforms to strengthen the resilience and growth potential of the economy. The priority should be to rebuild fiscal buffers by gradually moving toward a balanced budget in the medium term, supported by efficiency-oriented spending reforms. It is also imperative to boost productivity growth by supporting entrepreneurship, increasing investment in infrastructure, strengthening competition in services, and fostering innovation.
Rate this ebook
Tell us what you think.
Reading information
Smartphones and tablets
Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.
Laptops and computers
You can listen to audiobooks purchased on Google Play using your computer's web browser.
eReaders and other devices
To read on e-ink devices like Kobo eReaders, you'll need to download a file and transfer it to your device. Follow the detailed Help Center instructions to transfer the files to supported eReaders.
