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Macro - Country Economic Forecasts - Belgium

Publisher Oxford Economics
Published Mar 16, 2022
Length 9 Pages
SKU # OFE17034028

Description

Macro - Country Economic Forecasts - Belgium

The outlook has changed significantly for the worse, so we have revised our growth and inflation forecasts sharply. We now see Belgian GDP advancing 2.5% in 2022, 0.5pp down from a month ago, and 1.5% in 2023. As for inflation, we have raised our call for both 2022 and 2023 to 6.4% and 1.2% respectively (from 5.2% and 0.8%). The latest events clearly point to risks being tilted to the worse, hence further revisions are likely.

Table of Contents

9 Pages
Belgium: War will dent growth and bolster inflation
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Rising TFP to offset slower labour growth
Background
Economic development
Structure of the economy
Policy and politics

Pricing

Currency Rates
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