Belgium GDP Q1 2019


Belgium: Growth slips in Q1

April 29, 2019

Belgium’s economy grew 0.2% quarter-on-quarter and in seasonally-adjusted terms in the first quarter (Q4 2018: +0.4% quarter-on-quarter s.a.), according to a first estimate released by the National Bank of Belgium (NBB) on 29 April. The tepid reading, the weakest in a year-and-a-half, landed roughly in line with analysts’ expectations. On an annual basis, growth eased to 1.1% from 1.2% in the fourth quarter of last year.

Comprehensive first-quarter national accounts will be released at the end of May.

FocusEconomics Consensus Forecast panelists expect the economy to grow at 1.3% in 2019, which is unchanged from last month’s forecast, and at 1.3% again in 2020.

Author:, Economist

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Belgium GDP Chart

Belgium GDP Q1 2019

Note: Quarter-on-quarter changes of seasonally-adjusted GDP in %.
Source: National Bank of Belgium (NBB) and FocusEconomics Consensus Forecast.

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