Belgium: Staff Report for the 2000 Article IV Consultation

Real GDP growth is expected to slow to 2.6 percent in 2001, following four consecutive years of strong economic growth. A number of structural labor market measures have also been introduced, including an employment program for youth, reforms to encourage employment among older people, and measures to reduce working time. Executive Directors agreed that the main economic policy challenge now is to improve labor market performance, in particular to raise employment and reduce regional disparities and welcomed the authorities' policy of tax reductions.
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Volume/Issue: Volume 2001 Issue 044
Publication date: March 2001
ISBN: 9781451803105
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Business and Economics , Inflation , Labor , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , General government balance , government , GDP deflator , demand growth , indicators of consumer confidence , harmonized consumer price index , exports of goods , Belgium-Luxembourg Economic Union , Employment , Labor markets , Social security contributions , Global

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Summary

Real GDP growth is expected to slow to 2.6 percent in 2001, following four consecutive years of strong economic growth. A number of structural labor market measures have also been introduced, including an employment program for youth, reforms to encourage employment among older people, and measures to reduce working time. Executive Directors agreed that the main economic policy challenge now is to improve labor market performance, in particular to raise employment and reduce regional disparities and welcomed the authorities' policy of tax reductions.

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