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    Downturn in Belgian exports


    The latest figures from the National Bank of Belgium (NBB) on Monday indicate that Belgian exports were down at the end of 2014. The drop was 3.2% in November, compared to the same period the previous year. Estimates for December put the drop at 1.3%. The downturn recorded by the NBB is the largest drop in exports for over a year.  Exports to countries outside the European Union were the most affected, down 4.2% in November and 5.0% in December.

    As imports also showed a sharp decrease, the balance trade was in equilibrium in November. According to estimations by the NBB, t again showed a deficit of 1.5 billion euros the following month.

    Christopher Vincent (Source: Belga)