💨 Abstract

The European Commission has issued a warning that Belgium's budget deficit may reach 4.9% of GDP in 2025 due to rising pension and social benefit expenditures, as well as increasing national debt interest. The Commission advises Belgium and other EU countries to balance deleveraging and economic growth. The European economy is rebounding, though growth rates remain modest, with the average GDP of eurozone countries increasing by 0.8%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖