OECD Economic Outlook, Volume 2019 Issue 2
The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.
Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, a series of focus notes on selected macroeconomic and structural issues, and a chapter summarising developments and providing projections for each individual country.
Belgium
Economic growth is projected to moderate to around 1% in 2020-21. External headwinds will weigh on exports and business investment, despite supportive financing conditions. Private consumption will be more resilient on the back of past tax cuts and wage growth that will increase household disposable income. The job market is set to remain tight, with the unemployment rate at 5.4% at the end of 2021.
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