Belgian-Macedonian Business Club

Belgium’s economy, which has outpaced the European average since the pandemic, is expected to slow down in the coming years, aligning with the eurozone’s growth rate. According to ING, this shift could occur if the next government enacts its planned austerity measures.

ING bank’s chief economist Peter Vanden Houte highlighted on Wednesday that public sector spending has been the main driver of Belgium’s economic growth in recent years, while private sector growth remained more modest. ING forecasts a 0.7 % growth rate for Belgium in 2025, which would match the eurozone average. For 2026, Belgium’s growth is expected to fall slightly below the eurozone average, at 1 % versus 1.3 %.

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