Luxembourg: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg
IMF Staff Country Reports, May 10, 2017
Source details
- Canonical URL
- Luxembourg: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg
Other formats
Bibliographic details
- Published: May 10, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475599473.002
Key findings and macroeconomic outcomes
- Economic growth reached 4.2 percent in 2016, well above the EU.
- Growth in 2016 was driven by net exports of financial services.
- Luxembourg’s strong growth is supported by fiscal stability, a qualified workforce, and business-friendly regulations and oversight.
Projections and near-term outlook
- Growth is projected at 3.8 percent in 2017.
- Continued strong job creation and a pickup in inflation are expected in the near term.
Risks and vulnerabilities
- Downside risks include:
- A retreat from cross-border integration.
- Policy uncertainty in the United States.
- Uncertainty related to Brexit and coming elections in Europe.
- These risks could result in financial market volatility affecting the financial system.
Thematic coverage and keywords
- Subject areas: Banking; Economic sectors; Financial institutions; Financial sector; Government debt management; Income; Mutual funds; National accounts; Public debt; Public financial management (PFM).
- Keywords excerpted from the source: authority, CR, Europe, Financial sector, GDP, General government balance, Global, government, Government debt management, government objective, government projection, Income, ISCR, liability positions vis-à-vis nonresident, Luxembourg government, Mutual funds, policy, public debt projection.
Publication and document specifics
- Title: Luxembourg: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg
- Publication date: May 10, 2017
- Pages: 61
- Volume: 2017
- Issue: 113
- Series: Country Report No. 2017/113
- DOI: https://doi.org/10.5089/9781475599473.002
- Stock No: 1LUXEA2017001
- ISBN: 9781475599473
- ISSN: 1934-7685
International Monetary Fund. Luxembourg: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg (May 10, 2017).
Content in this bundle
- Country Report