Macro - Country Economic Forecasts - Belgium

Macro - Country Economic Forecasts - Belgium

We have maintained our 2024 GDP growth forecast at 1.2% and expect a 1.5% expansion next year. We have revised our 2024 average inflation outlook down by 0.2ppts to 3.5% due to lower-than-anticipated food inflation. But we think the lower base effect will push up inflation in 2025, which we expect to average 1.9%, 0.3ppts higher than last month.

Belgium: growth momentum remains unscathed
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
Economic development
Structure of the economy
Policy and politics

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