Belgium’s economy faces a difficult autumn
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https://think.ing.com/articles/belgiums-economy-faces-a-difficult-autumn/
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Belgium’s economy: three things to watch
The desk views Belgium's economic outlook as increasingly fragile, with higher energy prices and fiscal consolidation weighing heavily on consumption and business investment. Per the full note from ING, GDP growth is projected to remain subdued, with a mere 0.2% expansion in Q1 leading to broader concerns about industrial activity and household confidence. The lack of offsetting measures from the authorities amid elevated energy costs further compounds the risk of economic stagnation in the coming quarters. Given the current challenges, traders should closely monitor developments in Belgium's economic indicators as the market navigates this uncertainty.