Bloomberg News

Belgium Enters Recession; Economy Shrinks 0.2% in 4th Quarter

February 01, 2012

Feb. 1 (Bloomberg) -- Belgium entered a recession for the second time in three years as the economic contraction deepened in the final months of last year.

Gross domestic product in Belgium, the sixth-largest economy in the euro area, fell 0.2 percent in the fourth quarter from the previous three-month period, the National Bank of Belgium said today in an e-mailed statement. The economy expanded 0.9 percent from the year-earlier period and grew 1.9 percent in the year.

--Editor: Patrick G. Henry

To contact the reporter on this story: John Martens in Brussels at jmartens1@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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