Flemish economy going up but recovery is fragile

Compared to the end of 2014 the Flemish economy is growing with a slightly positive pace. However, the most recent forecasts seem to predict a new slowdown of the economic growth. International organizations (IMF, OECD) foresee for 2016 that global growth will be lagging behind and recovery will be limited in Europe.
Though economic activity will be supported by decreased energy prices and a flexible monetary policy in the Euro zone other factors can reduce economic growth such as: internal developments in the European Union, the Chinese growth decrease and the normalizing of the American monetary policy. Eventually these factors could also affect export, investment and jobs. The impact of the terrorist attacks on the Belgian economy will especially hit the tourist sector.