Belgium GDP Q2 2018


Belgium: Tepid growth persists in Q2

July 30, 2018

According to a flash estimate released by the National Bank of Belgium (NBB) on 30 July, in the second quarter, the economy grew a modest 0.3% from the previous quarter in seasonally-adjusted terms, in line with the pace of growth in the first quarter and just a notch below the 0.4% reading forecast by FocusEconomics panelists. In annual terms, growth came in at 1.3% in the second quarter (Q1: +1.5% year-on-year s.a.), easing for a second consecutive quarter.

More comprehensive data will be released on 31 August.

FocusEconomics Consensus Forecast panelists expect the economy to expand 1.7% in 2018, unchanged from last month’s forecast. For 2019, the panel expects growth of 1.6%.


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Belgium GDP Chart

Belgium GDP Q2  2018

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

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