Belgium: Economic growth moderates in Q2
July 30, 2014
According to a preliminary estimate released by the National Bank of Belgium (NBB), GDP expanded a seasonally-adjusted 0.1% over the previous quarter in Q2. Q2’s result came in below both the 0.4% expansion registered in Q1 and the 0.3% increase the markets had expected. The reading marked the slowest pace of expansion since Q1 2013.
Compared to the same period last year, GDP growth decelerated from 1.2% in Q1 to 1.0% in Q2. Detailed data will be published on 3 September.
Author: Ricardo Aceves, Senior Economist