Luxembourg : Staff Report for the 2004 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

May 5, 2004

Electronic Access:

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Summary:

This 2004 Article IV Consultation highlights that the Luxembourg authorities are adjusting policies to the growth slowdown, although major new initiatives are on hold in the run-up to the June 2004 general election. Tax cuts, high expenditure, and weak activity are estimated to have caused a general government deficit in 2003. Executive Directors have welcomed indications that real GDP growth is rebounding, following an unusually long period of sluggish activity. However, they have stressed that medium-term growth prospects are now less buoyant in comparison with the exceptional growth performance of the past decade.

Series:

Country Report No. 04/125

Subject:

English

Publication Date:

May 5, 2004

ISBN/ISSN:

9781451824322/1934-7685

Stock No:

1LUXEA0022004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

42

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