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GDP in Belgium has risen in 2018, but this is not good news …



conjuncture

Gross domestic product (GDP) rose in the fourth quarter of 2018 by 0.3% in comparison with the previous quarter and by 1.4% for the whole of 2018, according to a first estimate published Wednesday. The National Accounting Institute (ICN) and the National Bank of Belgium (NBB). In December, when it presented its latest economic forecasts, NBB continued to expect growth of 1.5% in 2018, 1.4% in 2019, 1.3% in 2020 and 1.2% in 2021 .

If the fourth quarter is confirmed, the fourth quarter of 2018 will have the same level of growth: + 0.3% compared to the previous quarter.

With 1.4%, 2018 would have been the lowest growth since 2014 (+ 1.3%). Belgian GDP increased by 1.7% in 2017, 1.5% in 2016 and 1.7% in 2015.

The ICN and NBB returned in detail on Wednesday in the third quarter accounts. Domestic employment grew by 15,000 (+ 0.3%) on a quarterly basis and by 61,300 (+ 1.3%) on a yearly basis. "This growth is mainly attributable to the development of employment in services, especially in the business services sector, as well as the increase recorded in the" human health and social work "sector as well as in trade, transportation and catering." The scope of employee work has also increased by 0.3% compared to the previous quarter and by 1.4% compared to the same quarter of the previous year.


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