Economic revival stagnates

Compared   to  a few months earlier forecasts in  the short term have been adapted downwards,  mostly due to international trade developments, geopolitical tensions and uncertainty regarding internal policy in the Europe Union. In principle the upward potential of the (slow) economic recovery should be sound. However the stagnation of the economic growth in Germany over the last months does affect Flemish export oriented industries. The weak position of the Euro in combination with low inflation figures and recovering public finances will  probably lead to catching up with the international economic growth trends.
Concluding: growth expectations for 20015 should not be set too ambitious. Growth figures that were common before the recession of 2008 cannot be expected in the upcoming years. Moreover economic growth is not yet having positive results in the labour market.