Growth slows in Belgian economy

30th September 2011, Comments 0 comments

Economic growth in Belgium slowed to 0.5 percent in the second quarter of 2011, compared to a 0.9-percent rise in GDP over the first three months of the year, the Belgian central bank said Friday.

Second quarter growth came in at 2.3 percent compared to the same quarter of last year, also down from the 2.9 percent recorded in the first quarter.

Export-led, the Belgian economy is often taken as a useful gauge of wider eurozone trends -- and overall, it performed better than the bigger German, French or Dutch economies, the last of which posted 0.2 percent growth.

The easing of momentum was observed across industry and services.

© 2011 AFP

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