Tight Monetary Policy And Weak External Demand To Weigh On Belgian Growth
Country Risk / Belgium / Mon 29 Jan, 2024
Key View
- The Belgian economy expanded by 1.5% in 2023 (BMI forecast 1.4%), however, we expect growth to come under continued pressure in the near term.
- We expect the economy to lose significant impetus from a surge in investment experienced in 2023 as construction activity has begun to slip, while tight financial conditions dissuade