Introduction 
I. Recent trends and the near-term outlook 
-Recent macroeconomic developments 
-Short-term projections
II. Problems in the labour market and prospects for aggregate supply
-The labour-market situation
-The implications for potential output growth
III. Economic policy
-Monetary policy
-Budgetary policy
-Structural reforms
IV. Medium-term problems of the public finances
-The tax system: recent reforms and outstanding problems
-The social-security system in Belgium
-The need to keep the growth of social transfers under control 
-The need to reduce government debt rapidly
V. Conclusions
Notes and references
Annex
-I. Calendar of main economic events
Statistical and Structural Annex