Luxembourg: Staff Report for the 2002 Article IV Consultation
June 17, 2002
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The 2002 Article IV Consultation highlights that the financial sector of Luxembourg has continued to expand, with asset and liquidity management taking over from private banking as the main source of strong growth of the sector. Nonetheless, activity weakened in 2001. Structural reforms are proceeding. Progress has been made in removing legal obstacles to part time employment, introducing more flexible working time arrangements and work-week averaging, and expanding child care facilities. The authorities have adopted the legal and regulatory framework needed for the launch of an electronic commerce sector.
Subject: Economic sectors, Employment, Financial sector, Inflation, Labor, Labor markets, Prices
Keywords: CR, Employment, Financial sector, GDP deflator, Global, government, headline inflation, IMF staff calculation, Inflation, inflation projection, interest income, ISCR, Labor markets, net, return on equity, surplus, trend-GDP growth
Pages:
35
Volume:
2002
DOI:
Issue:
118
Series:
Country Report No. 2002/118
Stock No:
1LUXEA0032002
ISBN:
9781451824339
ISSN:
1934-7685
