New Market Report: Retailing in Belgium
The Belgian economy remained static in 2012. Despite the threat of unemployment, the purchasing power of Belgians did not decline, notably thanks to the indexation of salaries to inflation. Even so, most Belgians still had the feeling that the cost of living was increasing more than their wages. Coupled with ongoing political differences, this resulted in positive but still sluggish current value growth in retailing in 2012.
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