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MNI BRIEF: IMF Sees Belgian Inflation Back Above 4% In 2024

(MNI) Brussels

The IMF sees Belgium's inflation rising back above 4% next year as the effects of energy price measures fade away.

In its Article 4 report published Tuesday, the IMF says core inflation at 7.5% this year and will fall back only to around 3.75 next year. Growth this year and next will be around 1% and will return to potential of around 1.25 over the medium term.

The Fund also says that Belgium needs to go beyond its 2024 draft budget in terms of structural reductions to offset ageing outlays, create a structural balance by 2030 and put public debt on a downward path towards 60% of GDP.

MNI Brussels Bureau |
MNI Brussels Bureau |

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