Belgium: 2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Belgium

Author: International Monetary Fund. European Dept.

2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Belgium

Volume/Issue: Volume 2021 Issue 209

Publication date: September 2021

ISBN: 9781513599397

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Topics covered in this book

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Labor , Economics- Macroeconomics , Money and Monetary Policy , International - Economics , money market rate , staff note , product market rigidity , Covid crisis , policy support , government of Wallonia , company car regime , Policy discussion , Fiscal stance , COVID-19 , Loans , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Income , Global

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Summary

Belgium was hit hard early by Covid-19, but a timely, strong, and sustained health and economic policy response helped cushion impacts. A coalition government took office in October 2020, giving greater policy clarity and rightly prioritizing the Covid-19 crisis. A highly-effective vaccine rollout has facilitated reopening and recovery.