(MENAFNEditorial)
Core Views
* Economic growth will be constrained by the introduction of austerity measures by the incumbent government. Significant fiscal cutbacks will dampen disposable income and consumer spending during 2015-2016 .
* Belgium's extremely high national debt continues to leave it exposed to a potential deterioration in economic growth exasperating debt servicing pressure and also the possibility of yields increasing due to eurozone instability.
Major Forecast Changes
* We have revised down our 2015 real GDP growth forecast to 1.3% from 1.6 % previously.
* In light of industrial action we have revised down our Short-Term Political Risk Index for Belgium to 64.2 out of 100 down from 66.7 previously.
Key Risks To Outlook
* Downside Risks To Medium-Term Growth: There remain significant downside risks to our economic growth forecasts particularly stemming from the impact of fiscal consolidation and deterioration in eurozone sovereign debt market dynamics .
* Prolonged disagreement between the government and social partners over labour market reforms resulting in further industrial action would negatively affect growth and business sentiment in the near term.
Full Report Details at
- http://www.fastmr.com/prod/951880_belgium_country_risk_report_q2_2015.aspx?afid=101
The Belgium Country Risk Report helps businesses with market assessment strategic planning and decision making to promote growth and profitability in Belgium. It is an essential tool for CEOs Chairmen Finance Directors/CFOs Managing Directors Marketing/Sales Directors with commercial interests in this emerging market.
An influential new analysis of Belgium's economic political and financial prospects through end-2019 just published by award-winning forecasters Business Monitor International (BMI).
Key Uses
* Forecast the pace and stability of Belgium's economic and industry growth through end-2019.
* Identify and evaluate adverse political and economic trends to facilitate risk mitigation.
* Assess the critical shortcomings of the operating environment that pose hidden barriers and costs to corporate profitability.
* Contextualise Belgium's country risks against regional peers using BMI's country comparative Risk Index system.
* Evaluate external threats to doing business in Belgium including currency volatility the commodity price boom and protectionist policies.
The Belgium Country Risk Report by Business Monitor International (BMI) includes four major sections:Economic OutlookPolitical OutlookOperational RiskandKey Sector Outlook.
Economic Outlook:
How will the Belgium' economic policy-making and performance impact on corporate profitability over 2015-2019?
BMI provides our fully independent 5-year forecasts for Belgium through end-2019 for more than 50 economic and key industry indicators. We evaluate growth and also forecast the impact of economic management.
Economic Outlook Contents
The Belgium Country Risk Report features BMI's forecasts with supporting analysis for 2015 through to end-2019 set against government views and BMI's evaluation of global and regional prospects.
Key Areas Covered:
Data:
* Full 10-year forecasts with data - for key macroeconomic variables including GDP (real growth and per capita) population inflation current account balance and the exchange rate.
* BMI's comprehensive Risk Index system - rates each country worldwide for economic and political risk and rates the business environment within a global and regional context.
Written Analysis:
* Economic Activity - real GDP growth employment inflation consumption (retail sales and confidence).
* Balance of Payments - trade and investment current and capital account.
* Monetary Policy - interest rate trends (bank lending and deposit rates) and inflation (producer price and consumer price).
* Exchange Rate Policy - currency controls foreign investment flows exchange rates and foreign exchange reserves.
* Fiscal Policy - macroeconomic strategy and policies government finance and tax reforms.
* Foreign Direct Investment - approvals inflows and climate.
* External Debt - debt profile (short and long-term plus public and private sector obligations).
* Global Assumptions - forecasts for each year to end-2019 covering: major commodities growth in key regions inflation and interest and exchange rates in the United States Japan China and the eurozone.
Key Benefits
* Rely upon BMI's 100% independent forecast scenarios for Belgium and underlying assumptions - we take no advertising and are privately-owned.
* Exploit the benefits of BMI's comprehensive and reliable macroeconomic database on Belgium sourced and fully maintained by BMI from an extensive network of private sector government and multilateral contacts.
* Gain key insights into the current and future direction of government economic policy which could significantly affect your company's business prospects from BMI's team of analysts and economists.
Political Outlook:
What are the political risks to doing business in Belgium over the next 5-years?
BMI's Belgium country Risk Index evaluates the short- and medium-term threats to political stability.
Political Outlook Contents
* SWOT Analysis for the Belgium Market - Political Strengths Weaknesses Opportunities and Threats facing Belgium.
* Political Stability and Risk Assessment - BMI's Risk Index assesses explicit short- and long-term risks to political stability; latest positioning and trends for Belgium's risk are compared with regional and global averages.
* Current Administration and Policy-making BMI assesses the threats to the continuity of economic policy and likely changes to the business operating environment.
* Long-Term Political Outlook BMI examines the structural risks to the stability of Belgium’s political system and the dominant public policy issues likely to affect decision-makers and outlines scenarios for how the state could evolve in the medium to long term.
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