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2011 OECD Economic Surveys: Belgium 2011

image of OECD Economic Surveys: Belgium 2011

The 2011 edition of OECD's periodic review of the Belgian economy.  This edition includes chapters covering public finances, the labour market, and green growth.

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Executive summary

Belgium weathered the crisis well with a relatively modest rise in unemployment. Subsequently, the economy has been recovering faster than the euro area and the fiscal deficit is falling rapidly. Nevertheless, Belgium is at a crossroads with public debt at 97% of GDP, and a renewed and sustained effort to prefund ageing costs is needed, including revisiting intergovernmental prefunding agreements. To boost subdued potential growth, measures to substantially increase employment are required while greener growth should be secured through more extensive use of environmental taxation.

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