Just consider the following reasoning: Lots of companies would find a 2.5% decline of their 2009 turnover compared to 2008 as "acceptable". Most companies would consider a 3.4% drop in bottom line results not good, ... but also not bad in today's economic uncertainty.
Today most companies are delivering much worse result than that. But imagine the average of all the companies in Belgium would be like this, would the "National Product" (BBP in dutch) than decline by more than 2.5% and the deficit of our country be more than 3.4%? I wonder ...
http://www.trends.be/nl/economie/finance/4-231-52398/imf-verwacht-terugval-belgische-economie-met-2-5-procent.html
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