## 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](https://www.imf.org/en/publications/cr/issues/2017/05/10/luxembourg-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44894)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/05/10/luxembourg-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44894/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/05/10/luxembourg-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44894/index.json)
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## Bibliographic details
- Published: May 10, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475599473.002

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### 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).*

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17113.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17113.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/05/10/luxembourg-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44894_