Luxembourg Economic Outlook
September 27, 2016The Luxembourg economy had an uneven start to the third quarter, after early signs pointed to solid growth in the second quarter following Q1’s strong 4.4% annual expansion. Economic sentiment in July dropped from its multi-year high—a likely result of the Brexit vote in June—but bounced back in August, yet it is still below the levels seen in the second quarter. The unemployment rate remained stable at the start of the third quarter but the downward trend observed over the last two years is likely to abate due to signs of a slowdown in the construction industry, which had fueled much of the job creation in recent months. Overall, however, the economy remains in good health, underscored by S&P Global Ratings’ decision to affirm Luxembourg’s AAA rating in September.
Luxembourg Economy Data
5 years of Luxembourg economic forecasts for more than 30 economic indicators.
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|Exchange Rate||1.09||-0.38 %||Oct 20|
|Stock Market||768||-0.90 %||Oct 20|
Luxembourg Economic Growth
September 27, 2016The uncertain international environment looks set to dampen growth this year. Analysts expect the economy to slow substantially in 2016 to a 3.5% expansion, which is unchanged from last month’s forecast. For 2017, economic growth is expected to decelerate slightly to 3.4%.