European Parliament Library

Belgium :, Staff Report for the 2014 Article IV Consultation

The 2014 Article IV Consultation discusses economic developments and policies in Belgium. It highlights that despite its resilience, the Belgium economy has been losing competitiveness due to higher labor cost and lower productivity growths than peer countries. The government has taken measures to close the wage gap, but it is highlighted that the economy also needs to become more productive and adaptable through deeper product and labor market reforms. The supervisory and regulatory frameworks are being strengthened with a new draft banking law that restrains trading activities and improves the recovery and resolution framework
Table Of Contents
Cover; CONTENTS; ECONOMIC AND FINANCIAL CONTEXT; BOXES; 1. Belgium in the Global Value Chains; 2. Non-Cost Competitiveness; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Raising Productivity, Adaptability, and Activation; B. A More Strategic Approach to Fiscal Adjustment; 3. Belgium: Sixth Reform of the State and Burden Sharing of Fiscal Adjustment; C. Financial Sector: from Deleveraging to Reforming Business Models; 4. The Draft Banking Law; STAFF APPRAISAL; FIGURES; 1. Real Sector Developments, 2007-13; 2. External Position and Private Sector Balance Sheets, 2000-12
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (72 p.)
Specific Material Designation
Form Of Item

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