Has Belgium’s economy experienced enough contraction to consider the economy shrinking? And will the related exchange traded fund (ETF) be able to sustain?Belgium’s economy contracted by 1.6% in the first three months of 2009 from the previous quarter as the country officially entered recession, according to the Central bank. The slowdown brought the contraction in the Belgian economy over one year to 3%, and the country is now at its worst slowdown since 1980,