Building Resilience and Reform: Understanding the Vulnerabilities of our Socio-Economic System

2023-10-30 16:05:17

Our socio-economic system has held up well in the face of shocks, particularly inflationary ones. But he is vulnerable; and profound reforms are essential. For social partners, this is what is at stake in future elections. Article reserved for subscribers Journalist at the Economy department By Dominique Berns Published on 10/30/2023 at 5:05 p.m. Reading time: 6 min

From the partial shutdown of activity in 2020 to the spectacular inflationary surge – something never seen in forty years! – our socio-economic system has been profoundly stressed by brutal and successive “shocks”. Gathered within the Central Economic Council, the umbrella body for social consultation in our country, the social partners wanted, in their Employment-Competitiveness 2023 report, to draw lessons – in particular, to analyze the impact of the energy crisis on households, businesses and public budgets. Objective: “to establish, together, a diagnosis of the strengths and weaknesses of our economic and social system and, therefore, of its capacity to overcome future crises”, explains Benoît Bayenet, president of the Central Council and professor at ULB.

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