Press releases & articles (95)

2019

2018

  • The growth of the Belgian economy should slightly pick up this year to 1.8% ( 08/02/2018 )

    Economic growth in the euro area was surprisingly high (2.5%) last year and is expected to remain solid (2.2%) in 2018. Against this backdrop, the growth forecasts for the Belgian economy in 2018 have been revised slightly upwards to 1.8%, compared to our September release. This favourable development leads to a rise in employment by 57000 people. This year, inflation is expected to cool down somewhat to 1.7% as a result of both the appreciation of the euro and the significant decrease in electricity prices in Flanders. In accordance with the Act of 21 December 1994, the National Accounts Institute (NAI) has transmitted the figures of the economic budget to the Minister for Economy. These macro-economic forecasts will serve as a basis for the 2018 budget review.


2017

  • Belgian economic growth is expected to amount to 1.7 % in both 2017 and 2018 ( 07/09/2017 )

    The euro area economy keeps growing steadily, at 2.1 % this year and 1.8 % next year, according to estimates. Compared to the June forecasts, these figures have been revised upwards. The forecasts for the Belgian economy have also improved, albeit to a lesser extent. Employment is expected to rise by 104 000 people over these two years, while inflation should cool down considerably in 2018.

    In accordance with the act 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.


  • Belgian economic growth should amount to 1.6 % both in 2017 and 2018 ( 08/06/2017 )

    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.


  • The growth of the Belgian economy should slightly pick up to 1.4 % in 2017 ( 09/02/2017 )

    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


2016

  • 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.


  • 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.


2015

  • Belgian economic growth should amount to 1.2% in 2015 and to 1.3% in 2016 ( 09/09/2015 )

    In accordance with the Law of 21 December 1994, the National Accounts Institute has transmitted the figures of the economic budget to the Minister for Economy. These macroeconomic forecasts are produced within the framework of the preparation of the federal budget for 2016. These forecasts do not take into account the government measures announced in July in the context of the preparation of the federal budget and the tax shift. This also holds for the VAT rate hike on electricity for domestic use from September onwards as this measure is part of a global agreement, the modalities of which were not available in time for integration into these forecasts.


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