Macro - Country Economic Forecasts - Belgium
Since the start of the war in Ukraine, Belgium's outlook has changed significantly for the worse, so we have revised our growth and inflation forecasts substantially. We now see Belgian GDP advancing 2.1% in 2022 and 1.3% in 2023, down 0.8ppts and 0.2ppts, respectively, from February. As for inflation, we have raised again our call for both 2022 and 2023 to 7% and 1.7%, respectively (up from 5.2% and 0.8% in February).
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