Belgium Economic Forecast

Belgium Economic Outlook

January 30, 2018

A preliminary estimate released by the Statistical Institute shows that the economy expanded 0.5% in quarter-on-quarter terms in Q4, an acceleration from Q3’s soft expansion. While a breakdown by components has not yet been released, the acceleration was most likely driven by the domestic economy. Unemployment declined throughout the fourth quarter, reaching an over-six year low in December. Industrial production expanded sharply in October and November, and growth in the fourth quarter likely exceeded the third quarter’s average. The growth momentum has likely carried over into the first quarter of 2018, as leading indicators show that economic activity remains in good shape: Consumer confidence improved in January, and business confidence reached the best reading since April 2011.

Belgium Economic Growth

A tightening labor market, higher disposable income and declining inflation will support solid growth in private consumption, which should fuel a healthy pace of expansion this year. FocusEconomics panelists expect GDP to expand 1.7% in 2018, which is unchanged from last month’s forecast. In 2019, GDP is expected to grow 1.6%.

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Belgium Facts

ValueChangeDate
Bond Yield1.030.15 %Feb 20
Exchange Rate1.230.65 %Feb 20
Stock Market3,939-0.23 %Feb 20

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