Public Debt in Luxembourg
Luxembourg - Public DebtThe economy likely lost steam in the opening quarter of the year amid the fallout from the war in Ukraine. Consumer sentiment soured as inflation ballooned on the back of higher energy and raw material costs. Household spending is likely to have been dented as a consequence, despite falling unemployment. Turning to Q2, consumer sentiment remained deeply pessimistic in April, while harmonized inflation rose to an all-time high. More positively, business sentiment returned to optimism in April, albeit timidly, likely supported by limited direct exposure to Russia and Ukraine. Meanwhile, the European Commission recently noted the sustainability of the public finances, the tax system, inequality in education and the green transition as key challenges going forward.
Luxembourg - Public Debt Data
|Public Debt (% of GDP)||22.0||20.1||22.3||21.0||22.1|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 17, 2022
Harmonized inflation held steady at September’s 8.8% in October.
October 7, 2022
Harmonized inflation came in at 8.6% in August, which was down from July’s 9.3%.
September 22, 2022
Retail sales dropped 3.6% year on year in July (June: -2.7% yoy).
September 13, 2022
A flash estimate showed that economic growth moderated to 1.6% year on year in the second quarter, down from 2.7% in the first.
September 7, 2022
Harmonized inflation eased to 8.6% in August from 9.3% in July, marking the second consecutive month of a downtrend and suggesting that harmonized inflation has peaked in Luxembourg.