Thursday, 05 September 2019
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