In light of an increased transparency, the National Bank of Belgium has decided to publish twice a year, in June and … represent the national part from the broad macroeconomic projection exercise conducted within the Eurosystem, for which the ECB … international environment, the Eurosystem expects the ongoing recovery in the euro area to gain momentum throughout 2004 and 2005 …

, but will be weaker for a time than at the beginning of 2010. In Belgium, too, the hesitant revival in activity which had … p.c. recorded in 2009 to 2.3 p.c. this year before subsiding to 2.1 p.c. in 2011. According to the latest data, Belgium …