Macro - Country Economic Forecasts - Belgium

Macro - Country Economic Forecasts - Belgium



We forecast the Belgian economy will expand by 1.2% in 2025, following estimated growth of 1.0% in 2024, as tight monetary policy unwinds and manufacturing recovers. We expect inflation will average 1.8% in 2025, after 3.1% in 2024, thanks to easing underlying inflationary pressures.


Belgium: Services inflation is losing momentum
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
Background
Economic development
Structure of the economy
Policy and politics

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