OECD economic surveys. Belgium 2020.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author.

Series:

OECD Economic Surveys: Belgium

Language:

English

Subjects (All):

Belgium--Economic policy.

Belgium.

Belgium--Economic conditions.

Physical Description:

1 online resource (124 pages)

Place of Publication:

Paris : OECD Publishing, [2020]

Summary:

Belgium performs well in many economic and well-being dimensions, but risks are building up. Maintaining the reform momentum will boost the resilience of the Belgian economy. Rebuilding fiscal buffers should remain a priority to cope with population ageing. Strong mortgage credit growth and easing of lending standards require adequate prudential measures. The employment rate remains low and changes in the nature of work can exacerbate existing gaps according to socio-economic status or regions.

Contents:

Intro

Basic Statistic of Belgium, 2018

Executive Summary

Key Policy Insights

The moderation in economic growth is set to continue

The financial system is increasingly exposed to indebtedness risks

Sustainability of public finances should be strengthened

Making taxation more efficient and growth friendly

Boosting public spending efficiency

Strengthening the fiscal framework

Continuing reforms to address challenges from population ageing

Low productivity growth is a major challenge

Boosting competition

Enhancing the efficiency of public innovation support Reforming transport infrastructure

Improving the efficiency of judiciary and insolvency regimes

There is scope to boost the well-being of vulnerable groups

Boosting employment for reducing inequalities

Increasing equity of opportunities in education

Additional efforts are needed in environment and energy policies

References

Annex. Progress on structural reform

Thematic chapter

Chapter 1. Addressing labour market challenges

Key labour market challenges in Belgium

Low employment reflects worker-related barriers to employment There are large disparities in employment between socio-economic groups and regions

There is a disconnect between labour productivity and wages

Labour market transitions are relatively low

New challenges will emerge as the type and nature of work changes

The prevalence of non-standard work

Digitalisation and automation

Enhancing skills for evolving labour market needs and digitalisation

Boosting digital skills

Improving vocational education and training

Increasing the attractiveness of STEM studies

Creating a new culture of lifelong learning Labour market reform to boost employment and productivity

Better targeted activation policies to combat job displacement

Promoting labour market flexibility through sound regulation

Enhancing links between wages and productivity at the firm and worker level

For a tax and benefits system that is fair and incentivises work

Inclusive social protection that encourages work

Unemployment benefits

Pensions

Sickness and disability benefits

Fair and efficient taxation

References.

Notes:

Description based on print version record.

Includes bibliographical references.

ISBN:

92-64-36905-8

92-64-44599-4

OCLC:

1225551327