recovery in the global economy and in the euro area, notwithstanding the remaining short-term volatility. The Eurosystem … Belgium, the Autumn 2013 projections are by and large confirmed with only a minor upward revision to 1.3 % for annual activity …

absence of any adjustment having a major impact on domestic demand, activity in Belgium, in Germany’s wake, continues to … to 7.5 % in 2012 and 7.7 % in 2013. Since peaking in mid-2011, inflation has fallen steadily in Belgium and should …

Eurosystem’s projections, real GDP is likely to be down by 0.4 % in the euro area at the end of 2013, and growth is predicted at … backdrop of import price moderation, and control over domestic costs, namely wage costs. In Belgium, following a lengthy period … foreign markets, Belgium’s exports will have produced hardly any growth in 2013, while imports are actually estimated to have …

government and the federated entities in accordance with the provisions applicable to Eurosystem projection exercises. Among … recovery which should strengthen in the years ahead. According to the Eurosystem projections, real GDP growth in the euro area … will come to 0.8 % in 2014, strengthening to 1.5 % in 2016. As to Belgium, the expansion of activity is likely to remain …

the Eurosystem’s projections, GDP is set to contract again in 2013 in the euro area, by around 0.6 %, and to record modest … projections for Belgium show zero activity growth in 2013 – the same as in the forecasts published in December 2012 – and a modest …

public expenditure on consumption and investment in the countries implementing fiscal consolidation measures. In Belgium … Belgian State to finance the purchase of Dexia Bank Belgium and by the loans granted to Greece, Ireland and Portugal. It is …

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 …

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 …

Coinciding with the publication in the ECB monthly bulletin of new Eurosystem projections for the euro area, this … detrimental to export opportunities. The Eurosystem projections take account of weakening trade in 2008, reflecting the slower … 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 …