Luxembourg: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg
May 10, 2017
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This 2017 Article IV Consultation highlights Luxembourg’s strong growth supported by the competitive advantages of fiscal stability, a qualified workforce, and business-friendly regulations and oversight. Economic growth reached 4.2 percent in 2016, well above the EU, and was driven by net exports of financial services. Growth is projected at 3.8 percent in 2017, with continued strong job creation and a pickup in inflation. Growth prospects are good but subject to downside risks, including a retreat from cross-border integration and policy uncertainty in the United States and related to Brexit and coming elections in Europe. These could result in financial market volatility affecting the financial system.
Subject: Banking, Economic sectors, Financial institutions, Financial sector, Government debt management, Income, Mutual funds, National accounts, Public debt, Public financial management (PFM)
Keywords: 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
Pages:
61
Volume:
2017
DOI:
Issue:
113
Series:
Country Report No. 2017/113
Stock No:
1LUXEA2017001
ISBN:
9781475599473
ISSN:
1934-7685
