Luxembourg Economic Outlook
November 20, 2018Analysts remain upbeat on the economy’s full-year prospects despite a weaker-than-expected first half of the year. A second-quarter pullback in domestic demand—amid household spending’s breather and another contraction in fixed investment—followed a downward revision to first-quarter growth. Available third-quarter metrics suggest more gusto, however. Consumer sentiment recovered through the quarter, while unemployment hit a near-decade low in September. Moreover, tight industrial capacity and recent corporate-tax breaks hint at improved fixed-capital outlays through the remainder of the year.
Luxembourg Economic GrowthDemand-side momentum should sustain broad-based—albeit more moderate—growth next year. Although bubbly economic sentiment and recent tax reforms are expected to bolster homegrown gains, downside risks continue to swirl around household-debt levels and investor-capital flight. Financial-services exports will be key to growth over the medium-term. FocusEconomics analysts see growth at 3.3% in 2019, down 0.1 percentage points from last month’s forecast, and 3.0% in 2020.
Luxembourg Economy Data
5 years of Luxembourg economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Exchange Rate||1.14||0.65 %||Dec 10|
|Stock Market||677||0.19 %||Dec 10|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.