Content type

Social Unrest Concerns On The Rise In Belgium

Country Risk / Belgium / Thu 02 Nov, 2023

Key View

  • We believe the Brussels terror attack on October 16 (unrelated to Israel-Hamas) has the potential to exacerbate underlying anti-immigrant sentiment in Belgium.
  • At the same time, a series of protests denouncing the Belgian government’s pro-Israeli position have occurred in major cities. As Israel’s invasion of Gaza continues, there
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Stronger Belgian GDP Growth Outlook On Q123 Upward Surprise

Country Risk / Belgium / Thu 27 Apr, 2023

Key View

  • Stronger than expected GDP growth in Q123 has led us to raise our forecasts for full-year GDP growth from 0.0% to 0.3%.
  • We have revised up household consumption growth from 2.0% to 2.2% y-o-y and expect this component to be the main driver of growth in Belgium in 2023.
  • Headwinds from tighter monetary policy will drag on economic
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Consolidation Bodes Well For Fibre Uptake In Belgium

Telecommunications / Belgium / Fri 24 Mar, 2023

Key View

  • The highly fragmented Belgian fixed broadband market is set to consolidate, with Orange and VOO receiving the green light to merge their operations while rival Telenet is also expanding its footprint to other regions.
  • Fixed broadband remains a key competitive differentiator in Belgium, as operators' service bundling with mobile
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Potential Reform To Medicine Pricing Negotiation Will Pose Downside Risks To Multinational Drugmaker Operations In Belgium

Pharmaceuticals / Belgium / Tue 07 Feb, 2023

Key View

  • Health Insurance bodies will aim to put increasing pressure on drug price negotiation in Belgium.
  • Drug expenditure will continue to decline against other areas of health expenditure in Belgium.
  • Inflation and the energy crisis will present further headwinds to drugmakers operating in Belgium.

Health Insurance bodies will aim to

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Improved Consumer Outlook Buoys Belgian GDP Outlook

Country Risk / Belgium / Fri 03 Feb, 2023

Key View

  • We at Fitch Solutions have lifted our Belgian 2023 real GDP growth forecast from -0.6% previously to 0.0%.
  • The economy expanded at 0.1% q-o-q in Q422, which was better than we had expected. This, alongside an improved energy price and household consumption outlook, led us to revise upwards our 2023 forecast.
  • Tighter monetary
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Outlook For Belgium's Medical Device Market Still Positive, But Eurozone Recession Poses Headwinds To Market Growth Over 2023

Medical Devices / Belgium / Fri 09 Dec, 2022

Key View

  • Belgium’s medical device market will record mid-single-digit growth over our forecast period, with consumables set to remain the largest product area.
  • Belgium’s medical device market is heavily reliant on eurozone economies, which will be a key downside risk in 2023 given our view of recessions in developed economies in Europe.
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Belgium: Frontrunning Europe's Growth Slowdown

Country Risk / Belgium / Fri 09 Sep, 2022

Key View

  • We at Fitch Solutions are revising down our 2022 and 2023 real GDP growth forecasts for Belgium from 2.1% to 1.9% and from 1.0% to 0.2% respectively. These forecasts foresee growth little better than flat in Q322, before a recession over Q422/Q123.
  • Headwinds to household spending already evident in H122 will likely intensify in
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