Macro - Country Economic Forecasts - Belgium
The outlook has changed significantly for the worse, so we have revised our growth and inflation forecasts sharply. We now see Belgian GDP advancing 2.5% in 2022, 0.5pp down from a month ago, and 1.5% in 2023. As for inflation, we have raised our call for both 2022 and 2023 to 6.4% and 1.2% respectively (from 5.2% and 0.8%). The latest events clearly point to risks being tilted to the worse, hence further revisions are likely.
- Belgium: War will dent growth and bolster inflation
- Forecast overview
- Recent developments
- Short-term outlook
- Key drivers of our short-term forecast
- Economic risk
- Economic risk evaluation
- Risk warnings
- What to watch out for
- Exposure to key global risks
- Long-term prospects
- Rising TFP to offset slower labour growth
- Background
- Economic development
- Structure of the economy
- Policy and politics
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook