TITLE

Belgium: Cost pressures

PUB. DATE
December 2007
SOURCE
OECD Observer;Dec2007/Jan2008, Issue 264/265, p47
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article presents an economic outlook for Belgium as of 2008-2009. There is a prediction that the country's gross domestic product (GDP) growth will slow further towards potential rate in the short term. Domestic demand has continued to expand, supported by higher employment and real incomes. Inflation is projected to increase in response to rising cost pressures. To meet the medium-term fiscal objectives, the government should implement substantial fiscal consolidation measures, which require expenditure restraint at all levels of the governments.
ACCESSION #
31613197

 

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