The 22nd of March attacks and their consequences have had a large negative impact on the Belgian economy, revealed Jan Smets, the governor of the Belgian National Bank (BNB). He spoke to the VRT program ‘De vrije markt’ on Saturday.
Belgium saw 0.2% growth in the first trimester of this year, whereas it should have been 0.3%. According to the BNB’s estimates, the events in March have had a negative impact of 0.1%. “This is not insignificant, and regrettable”, he said.
The impact of the attacks on Belgium is probably worse than in other European countries that have already faced similar tragedy, he said. “It could be made worse by the fact it has lasted several months, and because it concerns Brussels Airport, which is a very important hub for our economy”.
The negative effect will no doubt still be felt in the second trimester”, he said. He was also concerned about how the evolution would affect the exportation of services and tourism.