IMF Executive Board Concludes 2014 Article IV Consultation with Belgium

International Monetary Fund. European Dept.

doi:10.5089/9781475541106.002.A003

Belgium : Staff Report for the 2014 Article IV Consultation

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Journal Issue

Volume/Issue:: 2014/76
Series:: IMF Staff Country Reports
Author(s):: International Monetary Fund. European Dept.
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: March 2014
DOI:: http://dx.doi.org/10.5089/9781475541106.002
ISBN:: 9781475541106
ISSN:: 1934-7685
Page:: 71

The 2014 Article IV Consultation discusses economic developments and policies in Belgium. It highlights that despite its resilience, the Belgium economy has been losing competitiveness due to higher labor cost and lower productivity growths than peer countries. The government has taken measures to close the wage gap, but it is highlighted that the economy also needs to become more productive and adaptable through deeper product and labor market reforms. The supervisory and regulatory frameworks are being strengthened with a new draft banking law that restrains trading activities and improves the recovery and resolution framework.

Belgium: 2014 Article IV Consultation-Staff Report; Press Release

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IMF Executive Board Concludes 2014 Article IV Consultation with Belgium

Author(s):: International Monetary Fund. European Dept.
Published Date:: March 2014

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Belgium : Staff Report for the 2014 Article IV Consultation

IMF Executive Board Concludes 2014 Article IV Consultation with Belgium

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