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Why Belgium’s productivity problem is becoming harder to ignore
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https://think.ing.com/articles/belgiums-productivity-problem-is-becoming-harder-to-ignore/
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Why Belgium’s productivity problem is becoming harder to ignore
The desk highlights Belgium's declining productivity as a critical risk for economic stability and growth, posing potential implications for the Eurozone and its member currencies. Per the full note from ing-think, productivity has significantly faltered since the 2008 financial crisis, dipping from an annual growth rate of 1.2% to just 0.5%. This persistent stagnation in productivity, exacerbated by lower investment levels and a shift away from high-productivity sectors, gives reason for concern regarding long-term growth prospects as it threatens Belgium's economic fundamentals and hence the euro's strength in the FX markets.
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