Belgium is feeling the consequences of war: the Planning Bureau expects only 0.7 percent economic growth this year

Due to the consequences of the war in the Middle East, the Planning Bureau is cutting the economic and budgetary prospects for Belgium. The institution expects only 0.7 percent growth this year. In the following years, economic growth is expected to pick up slightly. With the government’s current measures, the government deficit would stabilize at 5.1 percent of gross domestic product in 2026. The institution warns against an interest rate snowball and proposes a rapid adjustment of public finances.

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