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High uncertainty surrounding NAFTA renegotiations and other US policy directions in international trade, and specifically targeting Mexico, could adversely affect sentiment and investment.
In 2017 the number of Belgian business insolvencies will still be much higher than the levels seen before the start of the global credit crisis in 2008.
Private consumption remains a key driver of growth in 2017, sustained by higher household purchasing power and further decreasing unemployment figures.
Italy´s GDP growth is expected to remain subdued in 2017 as international competitiveness remains an issue and the banking sector is still under pressure.