Press releases & articles (338)
European economic activity has so far proved to be more robust than expected in the wake of the Brexit referendum. The growth forecasts for the Belgian economy in 2017 have hence been revised upwards to 1.6 %. The same growth rate is expected in 2018. In both years, private consumption and business investment in particular should support economic growth. Net employment should rise by 105 000 people over these two years, while inflation should cool down in 2018. In accordance with the Law of 21 December 1994, the National Accounts Institute (NAI) has transmitted the figures of the economic budget to the Minister for Economy. These macroeconomic forecasts will serve as a basis for the 2018 budget review.
Compared to the forecasts of last September, the growth of the European economy for 2017 is revised slightly upwards. Against this backdrop, Belgian GDP growth for 2017 is raised from 1.2 % to 1.4 %. Moreover, Belgian growth in 2016 and 2017 seems to be more labour intensive than expected. Higher oil prices would push inflation just above 2% in 2017
In accordance with the law of 21 December 1994, the National Accounts Institute (NAI) has communicated the data of the economic budget to the Minister of Economy. These macroeconomic forecasts are part of the preparation of the federal budget for 2017.
Around 1.5% growth for the Belgian economy over the period 2017 to 2021, sustained job creation but limited reduction in the public deficit ( 21/06/2016 )
According to our “Economic Outlook for 2016-2021” , Belgian economic growth is expected to rise from 1.2% in 2016 to 1.5% per year on average over the period of 2017 to 2021. Employment is assumed to increase at a sustained pace (creation of more than 38 000 jobs per year on average over the 2016-2021 period). The fiscal deficit is forecast to increase from 2.5% of GDP in 2015 to 2.8% in 2016, to decline to 2.2% of GDP in 2017 and subsequently to remain almost stable. The economic weight of general government, in particular with regard to employment, should be declining.
In accordance with the law of 21 December 1994, the National Accounts Institute (NAI) has communicated the figures of the economic budget to the Minister of Economy. These macro-economic forecasts are part of the preparation of the 2017 budget.
Belgian economic growth to amount to 1.2% in 2016 ( 11/02/2016 )
In accordance with the Law of 21 December 1994, the National Accounts Institute has transmitted the figures for the economic budget to the Minister for Economy. These macroeconomic forecasts are produced within the framework of the budget control for 2016 and take into account the government measures in the context of the preparation of the federal budget and the tax shift as well as the measures by the other levels of government.