An Introduction To Corporate/M&A

Economic Conditions

Although its anticipated level of activity slowed down, the Belgian economy has proved to be more resilient than expected with GDP growth of 1.3% in 2023 thanks to robust private consumption and a rebound in both public and corporate investment. GDP growth is expected to have slowed down to 1.0% in 2024 according to the latest macroeconomic forecast from the National Bank. According to the HICP (a measure of Eurozone inflation), inflation in Belgium was 4.4% in December 2024.

The general forecast for the investment climate in Belgium for 2025 is moderately positive. According to the European Commission, business investment growth is expected to range from 1.8% in 2025 to 1.9% in 2026. This is supported by stabilising inflation and recovering consumer confidence, which is expected to boost private consumption and household investment. In addition, Belgium remains attractive to foreign investors thanks to its well-educated workforce,