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Belgium: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 111
Language:
English
Publication Date:
27 Mar 2008
DOI:
https://doi.org/10.5089/9781451803280.002
ISBN:
9781451803280
ISSN:
1934-7685
Pages:
46
Keywords:
ISCR; CR; Belgium; government; expenditure side; headline inflation; rate; structural adjustment; credit default swap spread; budget proposal; railway company debt transfer; Fiscal stance; Fiscal consolidation; Income; Global; Europe
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Although economic performance has remained good, difficulties in building consensus for institutional reform have caused an ill-affordable hiatus in economic policymaking. Robust economic activity absorbed a growing labor force and allowed the unemployment rate to decline continuously. Low-income groups are being disproportionately affected by the food and energy price increases, triggering a necessary increase in targeted income support. The authorities agreed that various indicators suggest that the current level of the real effective exchange rate is broadly appropriate.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund