Belgian central bank raises 2010 growth forecast
The economy of Belgium will grow by 1.3 percent this year, slightly more than previously forecast, and by 1.7 percent in 2011 after contracting by 3.0 percent in 2009, the country's central bank said on Wednesday.
Central bank governor Guy Quaden, presenting its spring economic forecasts, said the spring projections were not significantly different compared to those issued in December.
Quaden, a member of the European Central Bank's Governing Council, said the renewed growth was good news, and that the figures for Belgium were slightly better than the euro zone average.
But they are not yet satisfying, he said, adding growth was still too modest. (Reporting by Antonia van de Velde, editing by Dale Hudson)
© Copyright Thomson Reuters 2024. All rights reserved.