Fiscal Balance in Belgium
Belgium - Fiscal BalanceA second release confirmed economic growth accelerated in the third quarter, after slowing in the second quarter. Although domestic demand eased, it surpassed expectations thanks to surprisingly resilient private consumption. Meanwhile, the external sector weighed less on the overall expansion than in Q2, as a decline in imports cushioned a fall in exports. Turning to the fourth quarter, growth is expected to slow somewhat: Fixed investment likely remained subdued against the backdrop of weak external demand and lackluster sentiment in the construction and manufacturing sectors. That said, private consumption should buffer the slowdown thanks to a tighter labor market in October. Meanwhile, in politics, the country will most likely end the year without a federal government as negotiations drag on. The fiscal deficit is widening as a result of the lack of coordination, as regional governments begin to ramp up expenditure.
Belgium - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-3.1||-3.1||-2.4||-2.4||-0.8|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.10||0.15 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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December 23, 2019
In October, industrial output expanded 4.9% on an annual and seasonally adjusted basis, decelerating from September’s 8.0% increase.
December 19, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell to minus 8 in December from minus 6 in November, marking the first deterioration after two consecutive monthly improvements.
November 29, 2019
A second national accounts estimate released by the National Bank of Belgium (NBB) on 29 November confirmed economic activity accelerated in the third quarter.
November 27, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) rose 2 points in November to minus 6, the second consecutive monthly improvement.
November 25, 2019
In September, industrial output expanded 6.0% on an annual and seasonally adjusted basis, accelerating from August’s revised 3.6% upturn (previously reported: +3.0% year-on-year seasonally adjusted).