Billions in savings are looming, but Belgians continue to spend money as if nothing is wrong. Are we too optimistic with our money?

We are on the eve of the most drastic cuts in 30 years. And yet we Belgians continue to spend money optimistically as if nothing is wrong. While the rest of Europe is anxiously tightening its belt, Belgian consumer confidence is even rising. How do experienced economists explain this riddle? And are we too optimistic? Economists Philippe Ledent (ING) and Geert Langenus (National Bank) explain.

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