Irving, Texas (PRWEB) April 16, 2013
The Belgian economy is considered a modern, private enterprise based economy. The country's economy is expected to reach $633 billion by 2018 at the current price. Belgium has both financial and demographic risks facing its economic future. The country's financial stability is low compared to other developed countries, as it carries both high debt and a large fiscal deficit. The country’s current account deficit is a result of the dual issues of the Euro debt crisis and a decrease in international demand.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on Belgium and presents its findings in “Belgium Country Analysis 2013-2018: An Evaluation of Political, Social, Economic, and Business Risk.” This study provides a concise overview of the political, economic, social, technological, and business risks of the country. The study provides annual trends of economic and social parameters and forecasts of GDP and population for the next six years.
The report highlights that the global financial crisis disrupted the macroeconomic and financial stability of many economies including Belgium, which had sustained solid growth prior to the recession, by adversely affecting the financing facilities and external demand. The Belgian economy witnessed moderate instability during 2007-2011, as it was a period of political crisis within the country. During the crisis period, Belgium experienced tense community relations and political volatility rooted in differing opinions from various parties regarding state reforms.
The study reveals that Belgium possesses highly developed infrastructure comprising its airports, seaports, roads, and railways across the country, supporting the domestic and foreign business in the country. Belgium is one of the net exporting countries of the world; its exports to European countries supported its growth rate.
This industry research report highlights different aspects of the country, including geographical location, economic performance, quarterly trend, sectoral contribution, foreign direct investment by industry, trend of population, per capita income, trend of inflation, balance of payment, budget deficit, trade structure, foreign exchange reserve and exchange rates, and R&D expenditures.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, growth consulting and cost efficiency. To learn more, visit http://www.lucintel.com.