Luxembourg : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

May 10, 2017

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 17/113

Subject:

English

Publication Date:

May 10, 2017

ISBN/ISSN:

9781475599473/1934-7685

Stock No:

1LUXEA2017001

Format:

Paper

Pages:

61

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