Luxembourg: 2025 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: Volume 2025 Issue 123

Publication date: June 2025

ISBN: 9798229011754

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Finance , Labor , Economics- Macroeconomics , Public Finance , Expenditure , Income , Financial sector stability , Macroprudential policy , Stress testing , Financial sector , Mutual funds , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Labor markets , Financial Sector Assessment Program

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Summary

Luxembourg has strong economic fundamentals and policy buffers, including low public debt. The large financial sector has weathered well the recent shocks and the 2024 FSAP found it sound and well diversified. But growth in the past years has been lackluster hampered by a loss in confidence in the housing market, high labor costs, and low productivity growth. Demand-focused fiscal policies helped smooth exogenous shocks but were less effective in creating momentum in the economy.