Development prospects the regional economy of Belgium

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Belgium belongs to the group of small highly developed European states. It occupies an important place in the modern world economy. The article considers the regional section of its economy. In the territorial aspect, economic conditions for accelerated industrial and innovative development are differentiated. The main attention is paid to the predicted growth rates of the dominant sectors of the Belgian economy by region, focused on the production of high-quality and technically advanced products for their own "marketing niches" of the world market. Based on the reports of the Belgian Federal Planning Office, it shows how the regional economic forecast is consistent with the national one and presents the results of territorial disaggregation. The author comes to the conclusion that the prospects for the regional economy for the period 2022-2027. will be related to the weak performance of potential international export markets, the reduction of financial measures allocated during the post-pandemic recovery and the fragile situation in the energy sector. In general, in the period 2024-2027, the growth of the Flemish GRP will be higher than that of Wallonia and the Brussels-Capital Region.

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Belgium, regions, economy, flanders, wallonia, brussels-capital region, regional proportions, growth rates

Короткий адрес: https://sciup.org/170197499

IDR: 170197499   |   DOI: 10.24412/2411-0450-2023-2-202-208

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