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To promote transparency and provide information, the Federal Planning Bureau regularly publishes the methods and results of its works. The publications are organised in different series, such as Outlooks, Working Papers and Planning Papers. Some reports can be consulted here, along with the Short Term Update newsletters that were published until 2015. You can search our publications by theme, publication type, author and year.

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  • STU 01-99 : Special Topic - A sustainable development approach to climate change: why and how? 03/01/1999

    During the past few months, the signals concerning the development of the economy have been mixed. There are three indicators worth mentioning on the negative side. Growth in world trade, and in particular intra-European trade, has slowed. Partly in connection with this, it is estimated that Belgian exports have actually fallen in the second half of 1998, compared to the first half of the year. Thirdly, industrial confidence has continued to decline.

    On the positive side there are four factors worth noting. Unemployment has continued to decline for the sixth consecutive quarter. Consumer confidence remains high and has even improved during the last few months. Thirdly, real interest rates have continued to fall and finally the government deficit fell sharply in 1998.

    There are some fragile indications that the slowdown in the economy will only be temporary and that activity may soon resume its upward trend. Nevertheless, in terms of annual averages, 1999 should show a weakening in GDP growth, which is estimated to be 2%.

    The upturn should be most visible in exports. Year-on-year growth rates for exports and private consumption should be relatively low at the beginning of the year and gradually improve thereafter.

    Inflationary pressures should be absent. Underlying inflation will continue to hover around 1.4%, while oil prices should, on average, be lower than in 1998, leading to consumer price inflation of 1%, which is the same growth rate as in 1998. The health index should rise by 1.2%.

    The labour market was particularly vigorous in 1998, with 54,000 more people in work (from June to June). In the second half of 1998 and into 1999, job creation is expected to be less dynamic. The June-to- June change for 1999 should be 33,000. The standardized unemployment rate should continue to fall, from 8.6% in 1998 to 8.2% this year.

    In the area of public finances, the net borrowing requirement should be around 1.3% of GDP in 1998 and decline further in 1999. The primary surplus is expected to be above 6% in 1998 and 1999.

    Short Term Update 01-99  Publication(en),




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