Belgium: Staff Report for the 2003 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 047

Publication date: February 2004

ISBN: 9781451803136

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Labor , Economics- Macroeconomics , Public Finance , ISCR , CR , authority , rate , competition authority , consumer price inflation , job creation , real GDP , employment growth , interest rate , public spending , growth assumption , Fiscal stance , Health care spending , Labor markets , Central and Eastern Europe

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Peru

Nepal

Republic of Congo : 2001 Article IV

Summary

Long-term issues continue to dominate the economic policy agenda. The economy is expected to grow at a moderate pace. The challenge from aging is becoming more pressing, calling for sustained fiscal consolidation. The elaboration of a medium-term fiscal framework based on expenditure growth ceilings will help underpin the achievement of budget objectives. The focus on job creation has triggered helpful initiatives but further, comprehensive labor market reform is needed to raise employment rates. An acceleration of product market reform will provide an impetus to growth.