SVYSF - Belgium's Trading Ties With Germany Help Keep Growth Grounded
Europe: The Week Ahead (May 27-31)
Market participants in the week ahead will receive updated figures on Belgium’s rates of inflation and economic growth, amid an increasingly gloomy landscape across the European continent.
Certain of Belgium’s corporate ownerships, as well as its export ties to Germany, for example, appear to pose increased downside risks to the country’s broader economic health, with higher airline travel costs and slowing gross domestic product ((GDP)) pace indications of the German influence.
Overall, Belgian inflation has been relatively subdued in recent months, having dropped to 2.08% in April from 2.33%