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

ADDRESSING TURBULENCE AND ENHANCING STABILITY
13
RESUMING CONSOLIDATION AND IMPROVING INSTITUTIONS
20
RAISING EMPLOYMENT AND PRODUCTIVITY
30
VI STAFF APPRAISAL
34
FUND RELATIONS
27
STATISTICAL ISSUES
31
TABLE OF COMMON INDICATORS REQUIRED FOR SURVEILLANCE
33
Summary
36
Financial sector
37
Fiscal ROSC
39
IMF Executive Board Concludes 2007 Article IV Consultation with Belgium
44
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