Macro - Country Economic Forecasts - Belgium
We forecast the Belgian economy will expand by 1.2% in 2025, after 0.9% growth in 2024, as the impact of monetary policy unwinds and manufacturing recovers. A data revision suggests momentum was not as strong as believed. We expect inflation to average 1.5% in 2025, after 3.1% in 2024, thanks to lower international energy prices and easing inflationary pressures.
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