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Belgian investors are in low spirits - Finance

Belgian investors are in low spirits – Finance

Belgian investor confidence has fallen to a historic low, according to the latest barometer from ING bank.

Investor confidence is “even weaker than during the financial crisis, the euro crisis or the pandemic”. This is how ING bank experts analyze the results of its latest investor barometer. Barely reaching 57 points in October (well below its neutral level of 100 points), it posted its lowest level since the launch of the survey in 2004.

Market rout

To explain this pessimism, ING points to the stock market purge of recent months. More than 60% of respondents say their portfolio performance has declined. More than half of the Belgians questioned even declare that the financial situation of their family has deteriorated over the past three months as a result of the collapse of the markets. The proportion of respondents who mention a negative evolution of their portfolio even rises to 71% among Dutch-speakers, while among French-speakers this figure rises to only 46%.

As Peter Vanden Houte, Chief Economist at ING Belgium, points out, there is little room for optimism: “Indeed, it seems that the negative evolution of the financial markets since the beginning of the year has completely stifled the appetite Belgians for investments.” Nearly two-thirds of respondents see stock markets falling further over the next three months. In this context, barely 23% believe that the time is right to start investing.

Economic downturn

ING also notes that no less than 76% of investors have seen a decline in the economic situation over the past three months. And expectations for the next three months are hardly more encouraging, according to the results of the barometer of the Belgian subsidiary of the Dutch banking group: 65% see a further deterioration in the economic climate, while only 12% see better days.

Here too, ING notes a big difference in the assessment of the economic situation between Dutch-speakers and French-speakers. In the north of the country, 82% believe that the economic situation has deteriorated, while among Francophones, 67% are of the same opinion. According to Peter Vanden Houte, “this is probably due to the fact that in the north of the country there are more jobs in the private sector, which is more dependent on the economic cycle, than south of the linguistic border. , the energy-intensive industry, which is currently in difficulty, also weighs more heavily in Flanders”, further specifies the economist.

Investor confidence is “even weaker than during the financial crisis, the euro crisis or the pandemic”. This is how ING bank experts analyze the results of its latest investor barometer. Barely reaching 57 points in October (i.e. well below its neutral level of 100 points), it posted its lowest level since the launch of the survey in 2004.Rout of the marketsTo explain this pessimism, ING points to the stock market purge of the last few months. More than 60% of respondents say their portfolio performance has declined. More than half of the Belgians questioned even declare that the financial situation of their family has deteriorated over the past three months as a result of the collapse of the markets. The proportion of respondents who mention a negative evolution of their portfolio even rises to 71% among Dutch-speakers, while among French-speakers this figure rises to only 46%. As Peter Vanden Houte, chief economist at ING Belgium, points out , there is little room for optimism: “Indeed, it seems that the negative evolution of the financial markets since the beginning of the year has completely stifled Belgians’ appetite for investments.” Nearly two-thirds of respondents see stock markets falling further over the next three months. In this context, barely 23% believe that the time is right to start investing. Economic downturnING also notes that no less than 76% of investors have noticed a decline in the economic situation over the past three months. And expectations for the next three months are hardly more encouraging, according to the results of the barometer of the Belgian subsidiary of the Dutch banking group: 65% see a further deterioration in the economic climate, while only 12% see better days. Here too, ING notes a big difference in the assessment of the economic situation between Dutch-speakers and French-speakers. In the north of the country, 82% believe that the economic situation has deteriorated, while among Francophones, 67% are of the same opinion. According to Peter Vanden Houte, “this is probably due to the fact that in the north of the country there are more jobs in the private sector, which is more dependent on the economic cycle, than south of the linguistic border. , the energy-intensive industry, which is currently in difficulty, also weighs more heavily in Flanders”, further specifies the economist.

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