Business We will be less stuck in traffic until mid-2021...

We will be less stuck in traffic until mid-2021 and this is why

The National Bank of Belgium (NBB) published hopeful figures at first sight last week. Gross Domestic Product (GDP) growth is expected to rebound to 8 percent in the third quarter of 2020, after economic activity slipped by 3.5 and 12.1 percent respectively in the first two quarters. Geert Langenus of the NBB warned yesterday in The Morning on Radio 1, however, against excessive optimism. “After the initial recovery after the toughest corona measures have ended, we see in the latest economic indicators that the recovery is starting to falter again. This is due to the recent flare-up of the virus, but mainly due to the uncertainty among people: will I be able to keep my job, how long will this all take? “Many Belgians are already keeping their finger on the purse and spending less money, and in the long run that is bad news for many companies and the government.

This graph from Johan Van Gompel, lecturer at the University of Antwerp, shows perfectly how traffic jams keep up with the economic cycle.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

WHO rules out changing policy on coronavirus transmission

Reuters U.S / 21.09.2020 14:10:44 ...

Ashley Tisdale announces her first pregnancy

Diana Castaneda Mexico City / 17.09.2020 14:20:23 ...

Bitcoin price up to $ 14,000 or back to range at 8,000

(OroyFinanzas.com) - The price of bitcoin is at a critical point of $ 10,500. From there it could...

Tatiana Maslany to star in She-Hulk – Diario Amanecer

It seems that Marvel and Disney have finally found the actress who will play Jennifer...

Chile, second in the Adventure Tourism Development index

Chile continues to stand out internationally as an adventure tourism destination and the latest measurement of the Adventure Tourism...

You might also likeRELATED
Recommended to you