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GDP contracted by 9 1\2 percent in 2020-a much steeper decline than during the Asian Financial Crisis (AFC)-but it is now recovering with the easing of containment measures and economic policy support. Banks are closely connected to the corporate sector through high credit exposures and...
Persistent link: https://www.econbiz.de/10012517659
Persistent link: https://www.econbiz.de/10002093060
The economic impact of the pandemic has been much milder than initially foreseen, still the outlook remains challenging. The economy, dominated by financial services, adapted quickly to telework and benefited from unprecedented policy support, both domestically and globally. Uncertainty is...
Persistent link: https://www.econbiz.de/10012604015
This 2017 Article IV Consultation highlights Luxembourg's strong growth supported by the competitive advantages of …
Persistent link: https://www.econbiz.de/10011697660
This Selected Issues paper studies diversification in Luxembourg's economy and the role of the government. The economy … of Luxembourg appears to be more concentrated than that of comparable countries. Sectoral output is more concentrated … countries. Luxembourg specializes in sectors whose labor productivity is somewhat higher than in several benchmark countries …
Persistent link: https://www.econbiz.de/10011697661
This paper evaluates the stability of the financial system of Luxembourg. Financial soundness indicators for Luxembourg …
Persistent link: https://www.econbiz.de/10011697678
This paper discusses growth prospects and downside risks of Luxembourg's economy. Luxembourg's small open economy plays …-friendly regulation, a skilled labor force, and low and predictable taxes have made Luxembourg a global financial center, home of … Luxembourg's performance. In case of severe external shocks, unraveling financial exposures could prompt dislocations in markets …
Persistent link: https://www.econbiz.de/10011671289
This paper studies the two vital issues of Luxembourg's economy: investment IMF-World Bank linkages and lessons and … challenges in accommodating migrants and refugees. The Luxembourg investment fund industry, second in the world after the United … the linkages between Luxembourg funds and banks could contribute to transmitting financial volatility to the financial …
Persistent link: https://www.econbiz.de/10011671313
This 2019 Article IV Consultation discusses that Luxembourg's growth prospects remain favorable, but downside risks … changes in international taxation, Luxembourg should build on its strong fiscal record and preserve sizeable buffers …
Persistent link: https://www.econbiz.de/10012011486
. Although the Luxembourg's pension system is sound over the near term, further reforms are needed to ensure its long …
Persistent link: https://www.econbiz.de/10012011490