Belgian economy sees slow growth

Belgian economy sees slow growth
Fourteen federal public service executives have still not passed the languages test required by law. Credit: fdecomite/ Creative Commons Attribution 2.0.

Growth in the Belgian economy is not expected to surpass 1.1% in 2019 and 2020, according to forecasts by the Federal Planning Bureau.

As a result, the Belgian economy is losing momentum for the second year in a row due to the slowdown internationally, added the Bureau.

Exports, in particular, are suffering. Their volume growth has fallen from 5% in 2017 to 3.6% in 2018 and is expected to decline further to 2.8% in 2019 and 1.6% in 2020.

Employment growth is expected to gradually decline over the course of this year, although it remains particularly strong (+62,000 people), and to decline next year (37,000 people).

The Brussels Times

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