Belgian GDP increased by 0.5% in the second quarter

BEL 20

The gross domestic product (GDP) of Belgium, corrected for seasonal variations and calendar effects, increased by 0.5% in the second quarter in relation to the preceding quarter.

In one year, economic activity reported growth of 1.4%, according to the “flash” estimate published Thursday by Institut des comptes nationaux (ICN).

This increase of 0.5% compared to the preceding three quarters occurred following an increase in GDP of 0.2% in the first quarter of 2016. After one year, growth in the first three months of the year had already reached 1.4%.

“Besides the acceleration observed in the services sector, this growth is mainly attributable to an increase in energy sector activity in the second quarter,” stated ICN in a communiqué.

The author: Michel DEURINCK

Michel Deurinck, born in Brussels in 1950, started his career in the Belgian civil service, dedicating over 30 years to public service. Upon retirement, he pursued his passion for journalism. Transitioning into this new field, he quickly gained recognition for his insightful reporting on politics and culture. Deurinck's balanced and thoughtful approach to journalism has made him a respected figure in Belgian media.

Related posts

Leave a Comment