OECD expects Belgian economy to grow by 1.8%

The Organisation for Economic Co-operation and Development OECD is expecting the Belgian economy to grow by 1.3% this year, and by 1.8% next year.

OECD observes a gradual economic growth in Belgium as a consequence of increased export and smart investments. Meanwhile, domestic demands remain limited thanks to cutbacks and wage reductions in our country, declares OECD.

The organisation advises Belgium to once again reform wage fixation. Social partners should be encouraged to let the automatic indexing system die a silent death, and to re-establish a low minimum wage for young adults.

OECD also pleads for a tax shift away from labour, and towards consumption and pollution. Finally, the organisation urges Belgium not to cut back too much on infrastructure investments anymore.