This article presents the Bank’s new macroeconomic projections for 2014-2016. They have been produced for the first time on the basis of the national accounts ESA 2010. They already take account of the measures adopted by the new federal government and the federated entities in accordance with...

The Bank’s new macroeconomic projections for 2013 and 2014 were produced in a low-key international context featuring wide variations in performance between the main economic regions and an apparent disconnect between the real economy and the financial sphere. On the one hand, a vigorous...

The economic and financial environment has become much gloomier in recent months, with the slowdown in activity and international trade, the dramatic worsening of the sovereign debt crisis in the euro area and its impact on financial institutions, and the plummeting confidence of business...

At the beginning of 2011, the recovery phase seen in the global economy over the past two years reached a degree of maturity. Activity in the various economic regions should gradually progress from being export-led to become more broadly based. At the same time, the improvement in the economic...

Since the previous forecasts were published in February 2009, the downturn in activity and international trade in late 2008 and early 2009 has proved to be even sharper than initially expected. An unprecedentedly deep recession has spread across the various economic regions of the world,...

The backdrop to the forecasting exercise paints a contrasting picture : the initial situation of the projections appears slightly more favourable than in the previous forecast exercise of autumn 2005, with the Belgian economy displaying undoubted momentum at the beginning of 2006. However, a...

Since the publication of the previous forecasts in June 2008, the economic outlook has deteriorated very rapidly, both at global level and for Belgium. The financial tensions which emerged in mid 2007 turned into a serious crisis, and the contagion effects on the real economy proliferated,...