National Bank of Belgium - In: Economic Review (2009) IV, pp. 7-20
investment adjustment is, however, likely to continue. As in the euro area, inflation in Belgium eased rapidly over the course of … with the previous year. Due to the recent increase in international oil quotations, inflation is expected to return to … wages. In all, as an annual average, inflation is expected to be 0 p.c. in 2009 and 1.6 p.c. in 2010. In the macroeconomic …