Fiscal Balance in Luxembourg
Luxembourg - Fiscal BalanceLuxembourg’s economy appeared to get off on the right foot this year after what appeared to be solid third (Q3: +0.6% quarter-on-quarter s.a.) and fourth-quarter outturns last year. That said, its highly-developed financial markets have left it particularly exposed to the recent pullback across the Eurozone. Despite growing apprehension, financial-sector gains buoyed third-quarter growth. Non-financials, meanwhile, perked up. On the demand side, job creation and tax cuts bolstered economic sentiment which, in turn, lifted household spending. Fixed investment contracted for a third quarter, however, on an aircraft- and satellite-related base effect.
Luxembourg - Fiscal Balance Data
|Fiscal Balance (% of GDP)||1.0||1.3||1.4||1.6||1.5|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1.12||0.65 %||Mar 11|
|Stock Market||691||0.19 %||Mar 11|
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