Unemployment in Belgium
Belgium - UnemploymentThe economy should have recovered somewhat in Q3 after entering recession in Q2, although the pandemic continued to weigh on activity somewhat. Data for Q3 shows that industrial production deteriorated at a reduced rate in July–August relative to Q2. Moreover, retail sales regained strength in July–August, surging in August at a pace not seen since September 2008. In other news, a new coalition government was sworn in on 1 October, breaking 16 months of political deadlock. The new government’s program promises extra spending, which should support the recovery ahead. However, the challenging fiscal situation could limit room for maneuver, while the divergence of parties makes the coalition fragile. Meanwhile, surging Covid-19 cases led to the imposition of new restrictions on 19 October, including the closure of bars and restaurants, which is likely to hamper the recovery in Q4.
Belgium - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Belgium Unemployment Chart
Source: National Bank of Belgium.
|Bond Yield||0.10||0.15 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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February 22, 2021
The consumer confidence indicator produced by the National Bank of Belgium (NBB) rose to minus 9 in February, improving from January’s minus 10, despite the recent extension of pandemic-related restrictions until April.
February 10, 2021
Industrial output decreased 4.6% year-on-year in December (November: +0.2% yoy).
January 29, 2021
According to a flash estimate, the economy stagnated in the fourth quarter amid a second Covid-19 wave and tighter restrictions, growing a mere 0.2% on a seasonally-adjusted quarter-on-quarter basis, after rebounding 11.6% in Q3.
January 25, 2021
The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell to minus 10 in January, deteriorating from December’s minus 8, amid the extension of Covid-19 related restrictions until March.
January 11, 2021
Industrial production dropped 0.4% in November (October: +5.7% yoy).