Belgian GDP is seen growing 2.5 pct in 2006 and 2.0 pct in 2007, according to forecasts published by the Belgian National Bank (BNB) Recovery is therefore seen after 2005 recorded growth of 1.5 pct. BNB governor Guy Quaden said that this recovery is "good news" and "shows that Belgium is no longer the sick man of Europe" in growth terms. He added that the growth was above the euro zone average. The European Central Bank forecasts growth in the euro zone of 2.1 pct this year and 1.8 pct in 2007. However, Quaden noted that Belgium's performance was not "completely satisfactory compared to growth rates seen in other countries of the world". He added that the recovery should not be a "reason" to delay "necessary reforms" to reinforce growth potential and competitiveness and to increase dynamism.