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Sector Analysis
Retailing in Belgium– Market Summary & Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020
Belgium’s retail sector is currently affected by various macro-economic factors- low inflation and low GDP growth, have ruled the country. However, the economic recovery along with the increase of exports and investments in Belgium are picking up which are sending positive signs of retail growth. On the other hand, high internet penetration, very high mobile penetration, and rising Smartphone sales are expected to fuel the online retail channel. Overall, we expect an optimistic retail environment in the next five years.