Belgium’s economy grew less than expected in the last quarter of 2023. Household consumption grew 0.5 percent on increased purchases of durable goods. General government consumption rose by 2.0 percent, while business investment dropped by 8.5 percent. Data showed that net exports made a positive contribution to economic growth amid a fall in imports, while exports remained stable. During the whole year 2023, the economy expanded 1.5 percent compared with 2022.
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