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Belgian GDP has increased in 2018, but it is not good news …


In the fourth quarter of 2018, Belgium's gross domestic product (GDP) increased by 0.3% quarter-on-quarter and by 1.4% for the whole 2018, according to the third third assessment. National Accounting Institute (ICN) and National Bank of Belgium (NBB). In December, with the latest economic forecasts, NBB was still expecting 1.5% growth in 2018, 1.4% in 2019, 1.3% in 2020 and 1.2% in 2021.

If the fourth quarter is confirmed, the four quarters of 2018 will have reached the same growth rate: + 0.3% quarter-on-quarter.

With 1.4% in 2018, growth would be the lowest since 2014 (+ 1.3%). Belgium's GDP grew by 1.7% in 2017, by 1.5% in 2016 and by 1.7% in 2015.

ICN and NBB returned in detail in the third quarter. Domestic employment increased by 15,000 (+ 0.3%) quarterly and by 61,300 (+ 1.3%) per year. "This growth is mainly due to the development of employment employment, especially in the business services sector, as well as the growth in the" human health and social activities "sector, as well as the growth observed in the services sector: trade, transport and hospitality. Workers also grew by 0.3% quarter-on-quarter and 1.4% quarter-on-quarter.

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