1. Belgian Country Report
- Author:
- Bryan Groves
- Publication Date:
- 11-2009
- Content Type:
- Working Paper
- Institution:
- Department of Social Sciences at West Point, United States Military Academy
- Abstract:
- A number of important geopolitical events in the last three decades, Belgium's membership in the EU and its adoption of the Euro, along with its domestic responses have impacted recent developments in its economy. The nation has been marked by an increasing Real GDP, a balanced budget, a CA surplus, improved terms of trade, decreased openness, high unemployment, an ageing population, a pending social security crisis, and a contractionary fiscal and monetary policy meant to keep inflation low and increase national savings to avoid a social security disaster.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- Europe