Belgian consumers aren’t in mood

Consumer confidence in Belgium has fallen to its lowest level since the start of this year, as rising unemployment and high inflation have left citizens increasingly pessimistic about the country’s economic prospects.

In a press release published on Monday, the National Bank of Belgium (NBB) noted that this downward trend “offset the favourable development observed last month”.

“On a personal level, households expect to save less in the coming months,” the NBB noted. “They are also slightly less optimistic about their financial situation for the next twelve months.”

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.

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