Fiscal Balance in Luxembourg

Luxembourg Fiscal Balance | Economic News & Forecasts

Luxembourg - Fiscal Balance

The economy slowed slightly in the third quarter of 2019, after growth accelerated to a one-year high in the second quarter. The third-quarter moderation was largely driven by weaker household consumption growth amid downbeat consumer sentiment. In more positive news, public expenditure growth gathered pace and fixed investment rebounded from Q2’s contraction. Moreover, on the external front, export growth sped up, thus defying the subdued international trading environment and marking the quickest expansion in over a year and a half. Turning to the fourth quarter, available data suggests economic momentum tapered further: Business sentiment deteriorated in Q4 from Q3, while pessimism among consumers deepened, hinting that household and capital spending likely faltered in Q4.

Luxembourg - Fiscal Balance Data

2014   2015   2016   2017   2018  
Fiscal Balance (% of GDP)1.3  1.4  1.8  1.4  2.7  

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Luxembourg Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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