Cover IMF Staff Country Reports
Belgium: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2009: Issue 087
Language:
English
Publication Date:
09 Mar 2009
DOI:
https://doi.org/10.5089/9781451803303.002
ISBN:
9781451803303
ISSN:
1934-7685
Pages:
40
Keywords:
ISCR; CR; deficit; Belgium; worse-than-anticipated growth result; growth; real GDP contraction; recession; IMF staff projection; headline inflation; banking sector; Fiscal stance; Inflation; Global; Central and Eastern Europe; Europe
Download PDF (3.9 MB) Download Epub
The global financial crisis has forced government intervention in major financial institutions in Belgium. This 2008 Article IV Consultation discusses that the boom in energy and food prices in early 2008 caused inflation to spike to well above the euro area average. Executive Directors have commended the authorities for their prompt and decisive intervention as the Belgian banking sector began to face severe pressure in September 2008. Directors have also encouraged the authorities to allow fiscal stabilizers to operate fully, and welcomed the moderate discretionary stimulus.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund