By Peter Vanden Houte, Chief Economist Belgium, Eurozone
It is now two months since national elections in Belgium and a new federal government is still not in place. Meanwhile, the economy is slowing while the budget is deteriorating
Since elections on 26 May, not a lot of progress has been made in terms of forming a new federal government. Admittedly, Belgium’s institutional set up doesn’t make things easy, especially since the election outcome differed significantly between the North and the South of the country. Only in the smaller Brussels region, where a majority is