Belgium: Selected Background Issues
International Monetary Fund, Feb 2, 1995 - Business & Economics - 83 pages
This Selected Background Issues paper analyzes the competitiveness issues for Belgium and analyzes in what sense competitiveness is important for the country. The paper summarizes the approach followed in Belgium to measure developments in this respect. It discusses alternative indicators, including the current account of the balance of payments, and concludes that competitiveness is not currently a problem in Belgium. The paper also analyzes the rise in the current account surplus, and links it to the saving-investment balance.
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authorities Bank of Belgium Belgian francs billions of Belgian BLEU Changes in percent Chart competitor countries Convergence Plan Council current account surplus D.C. INTERNATIONAL Data provided decline deficit targets deterioration distribution key education sector employment in Belgium European Union Excluding net lending export market share federal government Financing Law Financing Requirement fiscal adjustment fiscal policy Flemish Community Germany government deficit gross disposable income growth rate high wage growth Includes increase indexation International Financial Statistics International Monetary Fund labor force level of government Maastricht Maastricht Treaty measures national accounts basis National Bank neighboring countries Netherlands Netherlands Ministry OECD partner countries percent of GDP private sector privatization receipts public enterprises public sector employment real growth real primary expenditure reduce Region or Community Regions and Communities Sectoral Composition social security system Source staff estimates Table transfers transition period unemployed unit labor costs wage developments World Economic Outlook