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Banks and Flemish budget is too optimistic

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Three of the banks have predicted that the Belgian economy will be in 2020 by only 0.7 per cent is growing. If they have their way, the new Flemish government was formed 120 million in additional savings. That is, write The Time on Wednesday.

The Flemish budget for 2020, it is assumed that the Belgian economy will be in 2020 by 1.1 per cent to grow. That estimated growth is based on the economic outlook of the Federal Planning bureau on the 5th of september, published.

But in the last few weeks have uncertainty about Brexit and the trade war between the united states and China-business confidence continue to fall. As a result, a number of banks cutting their growth forecasts. ING reduced its groeivoorspelling by 2020, from 1 to 0.7 per cent. Also at BNP Paribas Fortis, and Degroof, Petercam, expect only 0.7% growth, according to a survey carried out by the newspaper. KBC and Belfius, with a forecast of, respectively, 0.8 and 1 percent is slightly more optimistic. To 2019 is expecting a 1 or a 1.1 per cent growth.

for More on the Flemish budget, Tomorrow’s a new chance to begrotingsbespreking, the Flemish member of Parliament Of the Reyde (Open VLD), regrets the limited resources available for the social budget Of a “stupid decision” to “two-time bingo”: begrotingsexpert dissects the plans of the Ham and I the Government — Ham and give begrotingstabellen free: click here to see the numbers

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