Without major political changes and technological advances, average economic growth per inhabitant in Belgium threatens to remain under 0.5% in the next thirty years and under 1% through to beyond 2070. So reports De Standaard reports on Monday.
The newspaper bases its findings upon the work of four researchers from the University of Ghent in coming to this pessimistic conclusion.
Freddy Heylen, a lecturer in Macroeconomics says that politicians should particularly place great importance upon an active fiscal policy, namely increased public investment, a so-called “tax-shift”, entirely refocused in favour of less skilled and older workers, and supporting private sector innovation. He claims that it is also necessary to have both supplementary pension reform and a sound migration policy.