Belgium’s economy was flat in the second quarter of 2026, marking the weakest quarterly performance since the first quarter of 2021, after expanding 0.2% in the first quarter, confirming preliminary estimates. The slowdown was mainly driven by weaker investment and softer household spending. Gross fixed capital formation fell 1.5%, reversing a 0.3% increase, largely due to an 8% plunge in public investment after a 1.4% decline in Q1. Private investment also contracted, falling 0.7% following a 0.4% increase. Household consumption growth slowed to 0.4% from 0.6%, while government consumption edged up 0.1% after declining 0.6%. On the production side, industry contracted 0.6% and construction fell 0.2%, while services remained in expansion, growing 0.3% compared with 0.2% previously. On an annual basis, economic growth slowed to 0.5% from 0.8%, also the weakest annual expansion since Q1 2021.