CIAO DATE: 12/2009
November 2009
U.S. Military Academy, Department of Social Science
A number of important geopolitical events in the last three decades, Belgium's membership in the EU and its adoption of the Euro, along with its domestic responses have impacted recent developments in its economy. The nation has been marked by an increasing Real GDP, a balanced budget, a CA surplus, improved terms of trade, decreased openness, high unemployment, an ageing poulation, a pending social security crisis, and a contractionary fiscal and monetary policy meant to keep inflation low and increase national savings to avaoid a social security disaster.
Resource link: Belgian Country Report [PDF] - 8.9M