Quarterly economic growth rises to 0.8pc
26 April 2006, BRUSSELS — Economic growth in Belgium is accelerating, the National Bank said in an interim report on Wednesday.
26 April 2006
BRUSSELS — Economic growth in Belgium is accelerating, the National Bank said in an interim report on Wednesday.
The bank said Gross Domestic Product (GDP) rose by 0.8 percent in the first quarter of this year compared with the last quarter of 2005.
On an annual basis, that amounts to an annual growth figure of 2.2 percent, news agency Belga reported
The Belgian economy last grew by 0.8 percent over a quarter back in mid-2004.
The first quarter's economic growth is also the 4th consecutive quarter in which growth was recorded.
At the end of last year, economic growth was 0.6 percent on a quarterly basis and 1.5 percent annually.
This year's quarterly growth figures were included in the National Bank's initial estimates. The figures must still be confirmed by the bank's definitive report.
[Copyright Expatica News 2006]
Subject: Belgian news