Belgium’s economy thriving despite Euro crisis

date: 02 July 2012

Though Belgium only re-established a government about half a year ago, the country has come back strong and is one of the only 3 countries in the Euro zone whose economic activity is higher now than it was back in 2008, before the crisis.
 
While others countries are suffering extreme economic hardships Belgium’s economy is doing remarkably well. Governor Luc Coene from the National bank confirms an expected growth of 0.6 percent for the Belgian economy during the next couple of months. This growth expectation is the highest of all Euro countries excluding Germany whose expected growth rate is 1 whole percent.  The growth expectation for Belgium next year is even larger than both those percentages: 1.4 percent.

Nevertheless Belgian leaders know that if the Euro crisis worsens it will affect their economy negatively. This is one of the reasons Belgium has donated 12 million Euros to the European emergency distress fund.

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