Luxembourg: 2022 Article IV Consultation-Press Release; and Staff Report for Luxembourg
Electronic Access:
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Summary:
Real GDP surpassed its pre-pandemic trend in early 2021, and the labor market is tight. Inflation is increasing, mainly driven by energy prices, but core inflation is also edging up. The fiscal position strengthened and the financial sector has remained resilient. Rapidly growing housing prices raise concerns about affordability and could pose risks for financial stability and the country’s attractiveness in the medium term. Following the outbreak of war in Ukraine, inflation pressures have intensified and financial market volatility has risen.
Series:
Country Report No. 2022/152
Subject:
Financial institutions Housing Housing prices Income International organization Labor Labor markets Loans Monetary policy National accounts Prices
Frequency:
regular
English
Publication Date:
June 3, 2022
ISBN/ISSN:
9798400210563/1934-7685
Stock No:
1LUXEA2022001
Pages:
62
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