Belgium: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund, Mar 27, 2008 - Business & Economics - 46 pages
Although economic performance has remained good, difficulties in building consensus for institutional reform have caused an ill-affordable hiatus in economic policymaking. Robust economic activity absorbed a growing labor force and allowed the unemployment rate to decline continuously. Low-income groups are being disproportionately affected by the food and energy price increases, triggering a necessary increase in targeted income support. The authorities agreed that various indicators suggest that the current level of the real effective exchange rate is broadly appropriate.
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Supporting Growth Managing Inflation and Preserving Competitiveness
Addressing Turbulence and Enhancing Stability
Resuming Consolidation and Improving Institutions
Raising Employment and Productivity
VI Staff Appraisal
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Belgium: 2008 Article IV Consultation - Staff Report; Staff Supplement; and ...
Limited preview - 2008
2007 elections Article IV consultation assets authorities agreed bancassurance Bank of Belgium Belgian Belgium left beneﬁts boost budget CBFA company in 2005 conﬁdence Consumer price index Credit default swap disclosure of exposures economic efﬁciency employment rates Entity equity Euro area Euro area right Eurostat Executive Board Expenditure 49.2 Figure ﬁnancial system ﬁnancial turbulence ﬁnancing ﬁrst fiscal consolidation ﬁscal federalism fiscal federalism arrangements Fund further GDP deflator global government balance Headline inflation High Finance Council households imbalances increases inﬂation INTERNATIONAL MONETARY FUND investment labor market levels of government market reforms medium-term Memorandum items NAIRU National Bank national railway company OECD one-off measures percent in 2008 percent of GDP percent of loans public debt reﬂecting regional Revenue Ricardian Equivalence risks saving surplus sector signiﬁcant slowdown Sources staff projections stronger coordination structural balance 0.5 Structural primary balance Text Table Tier I capital transparency U.S. dollars wage moderation Wallonia