Belgium Freight Transport and Shipping Report Q4 2017
We have recently revised up our real GDP growth forecast for the Belgian economy, from 1.4%to 1.6%. This is underpinned by the improving regional outlook which will boost exports and consumersentiment in the country. With Belgium's high dependence on and integration with the eurozone, the positivegrowth of the former will bolster the demand in the country for freight transport services to facilitate theuptick in export demands from neighbouring countries.
Key Updates And Forecasts
We estimate the total trade growth to maintain a healthy growth in 2017, as it did in 2016, reboundingfrom a low base in 2015.
Total real growth in 2017 is estimated at 4.1% and to average a healthy 4.0% to 2021.