Expert group on “Purchasing power and competitiveness”

On Thursday, 28 April the expert group which will assist the federal government on questions concerning purchasing power and competitiveness was inaugurated in the presence of the Prime Minister Alexander De Croo, who attended the first meeting at the National Bank of Belgium.

Expertengroep 'Koopkracht en concurrentievermogen'

The expert group on “Purchasing power and competitiveness” is to make recommendations to the federal government and suggest ways of tackling inflation and the economic challenges associated with the war in Ukraine.

It will meet at regular intervals and will be chaired by the governor of the National Bank of Belgium. The experts’ work will itself be based on and supported by a number of macroeconomic and sectoral analyses conducted by the National Bank of Belgium’s teams.

The general aim is to enable the federal government to gauge the scale of the economic shock associated with the war in Ukraine, to analyse its continuing development, to see how that shock is spread across households and businesses, and to act by offering practical solutions to the problems and vulnerabilities identified.

The expert group on “Purchasing power and competitiveness” will consist of Pierre Wunsch (NBB), Mathias Dewatripont (ULB), Philippe Defeyt (Université de Namur), Paul De Grauwe (London School of Economics) , Koen Schoors (Universiteit Gent), Sarah Vansteenkiste (KU Leuven), Bertrand Candelon (Louvain School of Management) and Sofie Geeroms (Be Commerce).