European Parliament Library

Belgium :, 2015 Article IV Consultation—Staff Report; and Press Release

This 2015 Article IV Consultation highlights that Belgian economy has shown considerable resilience but the outlook is weighed down by weak demand in Europe. Healthy private balance sheets, integration with Germany, and employment support schemes have helped sustain employment and economic activity. However, output is still well below potential and with, subdued growth prospects, job creation remains insufficient. Fiscal adjustment is expected to resume after a pause in 2014. The pace of adjustment targeted by the authorities for 2015–16 is appropriate given the level of debt and related risks
Table Of Contents
Cover; CONTENTS; CONTEXT; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Strengthening Potential Growth and Competitiveness; B. Raising Employment Rates; BOX; 1. Main Reforms of Unemployment Benefits and Pension Announced by the New Government; C. Placing Fiscal Policy on a Path of Steady Adjustment; D. Seeking a More Efficient Tax System; E. Continuous Adjustment in the Financial Sector; STAFF APPRAISAL; FIGURES; 1. Real Sector; 2. Private Sector Balance Sheet; 3. External Sector; 4. Social Expenditure and Labor Market Outcomes; 5. Fiscal Developments and Medium-Term Projections
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (61 p.)
Specific Material Designation
Form Of Item

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