The health crisis, losing almost 50 billion euro to the economy of the belgian, according to the national Bank

The health crisis has caused "permanent damage" to the belgian economy – structural increase in unemployment, budget deficit 'unsustainable', bankruptcies,

The health crisis, losing almost 50 billion euro to the economy of the belgian, according to the national Bank

The health crisis has caused "permanent damage" to the belgian economy – structural increase in unemployment, budget deficit 'unsustainable', bankruptcies, reduced trade and led to a cumulative loss of 47 billion euros, it emerged on Monday of the presentation of the prospects of the national Bank (NBB).

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The containment has had economic consequences that have never been seen since the Second world War or the 1920s, summarized the governor of the NBB, Pierre Wunsch, during a press conference by video-conference. The gross domestic product is expected to shrink by 9 % in 2020, and even up to 13.4 % in the case of a violent second wave of the epidemic.

Date Of Update: 09 June 2020, 09:35

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