Belgium: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

Front Cover
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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Contents

I Introduction
i
Supporting Growth Managing Inflation and Preserving Competitiveness
ii
Text Tables
6
Addressing Turbulence and Enhancing Stability
11
Resuming Consolidation and Improving Institutions
16
Raising Employment and Productivity
21
VI Staff Appraisal
23
Tables
25
Appendix
31
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