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Macro - Country Economic Forecasts - Belgium

Publisher Oxford Economics
Published May 19, 2022
Length 9 Pages
SKU # OFE17190292

Description

Macro - Country Economic Forecasts - Belgium

Since the start of the war in Ukraine, Belgium's outlook has changed significantly for the worse, so we have revised our growth and inflation forecasts substantially. We now see Belgian GDP advancing 2.1% in 2022 and 1.3% in 2023, down 0.8ppts and 0.2ppts, respectively, from February. As for inflation, we have raised again our call for both 2022 and 2023 to 7% and 1.7%, respectively (up from 5.2% and 0.8% in February).

Table of Contents

9 Pages
Belgium: war and inflation to dampen growth
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
Better institutions to improve outlook for employment and growth
Background
Economic development
Structure of The economy
Policy and Politics

Pricing

Currency Rates
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