For decades, the Benelux region has been a major air transport hub, resulting in a strong market position in both passenger and freight transit. This is due in part to its geographical advantage, but infrastructure and high-quality services also played a key role
However, due to a number of unanticipated circumstances, Benelux’s economic development has suffered significantly in recent years. Though Benelux is attempting to boost commerce, issues such as the Ukraine-Russia war and rising fuel costs are pushing the countries in the region into inflation.
Let us look at the challenges that Benelux is going through and the way they are influencing the economies of each country in this report
Challenges affecting economic stats
According to Ayhan Kose, Chief Economist for the Equitable Growth, Finance, and Institutions (EFI) and Director of the Prospects Group at the World Bank, next year’s projected downturn in economic activity — paired with rising inflation — might be more like the 1982 recession, which was also accompanied by a succession of debt crises.
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