will come to 0.8 % in 2014, strengthening to 1.5 % in 2016. As to Belgium, the expansion of activity is likely to remain … reducing labour costs, is gradually reflected in the export performance of Belgian firms. In 2014, net job creations should … in labour costs. Taking account of the expected movement in the labour force, the unemployment rate would decline …

problems. The recovery is expected to continue, but less vigorously than at the beginning of 2011. In Belgium, recent … considerably in Belgium during 2010 and at the beginning of 2011. Overall, as an annual average, the rise in consumer prices is …

on economic activity in Belgium. In particular, both industrial production and foreign trade in goods plummeted from … slowdown which began in 2007. Having peaked at 5.9 p.c. in July 2008, inflation in Belgium eased rapidly and should continue to …, following the cyclical weakness, and the still sustained rise in hourly labour costs, unit labour costs in the private sector …

be less favourable for growth and inflation. In Belgium, after having increased by 0.8 p.c. during the first three months … 2005, the number of persons in employment in Belgium should increase further, by some 80,000 units over 2006 and 2007. With … set to fall only very slightly, from 8.4 p.c. in 2005 to 8.2 p.c. in 2006 and 2007. Overall inflation movements in Belgium …

at global level and for Belgium. The financial tensions which emerged in mid 2007 turned into a serious crisis, and the … was slightly less marked in Belgium than in the euro area. However, the plummeting confidence indicators show that the … economy. As in the euro area, activity is predicted to decline in Belgium in late 2008 and early 2009, with a very modest …

subside to between 1.8 and 3.0 p.c. in 2009. As in the euro area, activity remained buoyant in Belgium in 2007. The slowdown … and the progressive incorporation of the increase in labour costs. Reflecting a muted rise in labour productivity … costs in the private sector is expected to gain momentum, accelerating from an average of 0.6 p.c. per annum between 2002 …

level hovering around 60 dollars since October 2006. In Belgium, economic activity recorded a considerable increase in … costs are projected to increase by 0.7 p.c. in 2006 and 1.2 p.c. in 2007, following an average annual increase of 0.5 p ….c. in the two preceding years, these fluctuations reflecting the cyclical movements in productivity. Hourly labour costs …

. In Belgium, economic activity has been particularly strong in 2006. It should slow down slightly in 2007 and 2008, to … employment, unit labour costs in the private sector are projected to increase somewhat, rising from 1.1 p.c. in 2006 to 1.6 p ….c. in 2007 and 2008. Moreover, the growth in hourly labour costs is expected to dip slightly from the 2006 level, coming …

Twice a year, in June and December, the National Bank of Belgium publishes the macroeconomic projections for the … pressures should remain contained. In Belgium, GDP growth slowed down markedly at the end of 2004. During the first quarter of …

euro area and in Belgium in the first half of 2007. However, the external environment has become more uncertain, owing to …. Maintaining its 2006 momentum, economic activity in Belgium remained buoyant during the first half of 2007, expanding at a rate of … activity in 2008, the rise in unit labour costs in the private sector is forecast to accelerate, from 1.4 p.c. in 2006 to 2.2 p …