Planning office predicts higher economic growth in 2018

Thursday, 08 February 2018 19:48
The Planning Office predicts higher economic growth in Belgium in 2018, according to its latest analysis, published on Thursday.
Gross Domestic Product (GDP) growth, which was 1.7% in 2017, is expected to increase to 1.8% in 2018. Jobs are scheduled to continue their upward trend - growing by 1.2%, even if the increase will be less than the 1.4% registered in 2017 - in a context of rising salaries. Unemployment is expected to keep going down – by 35,000 units – this year.

The increased growth will be due mainly to higher domestic demand, the Planning Office says.

Economic growth in Belgium is still lower than in the euro zone as a whole, even if the gap is expected to narrow in 2018. Economic growth in the euro zone was 2.5% in 2017 and will be 2.2% in 2018.

Inflation will slow down slightly in Belgium this year, going from 2.1% in 2017 to 1.7%, due to the appreciation of the euro and lower electricity prices in Flanders.

Christopher Vincent
The Brussels Times
Google Plus

More Stories

New passenger checks catch 834 wanted criminals

New passenger checks catch 834 wanted criminals

A new system of screening airline passengers flying out of Belgium has netted 834 wanted criminals since it was introduced in April, according to the federal home affairs ministry.

Bishop of Liege robbed, but thieves leave crucifix behind

Bishop of Liege robbed, but thieves leave crucifix behind

The Bishop of Liege, Monsignor Jean-Pierre Delville, has reported being tied up and robbed by youths in his private apartment, part of the episcopal palace. The thieves stole cash, chalices and paintings, but left behind the bishop’s personal crucifix.

Metro traffic resumes on lines 2 and 6, Yser station opens after fears of collapse

Metro traffic resumes on lines 2 and 6, Yser station opens after fears of collapse

Brussels metro services 2 and 6 are now fully operational, following closer of parts of the line yesterday. Metro station Yser has also re-opened.