Luxembourg: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg
International Monetary Fund. European Dept.
May 2017 · International Monetary Fund
Ebook
61
Pages
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About this ebook
Growth has been strong, benefiting from Luxembourg’s major role in intermediating international capital flows, and prospects are good. However, the outlook remains clouded by risks arising from possible global retreat from cross-border integration and policy uncertainty and divergence which could cause financial market volatility; from the international tax transparency and anti-tax avoidance agenda; as well as from new shocks to the euro area economy. Unemployment, moderately high relative to historical standards, mainly reflects skills mismatches, and new jobs have increasingly been taken up by cross-border commuters.
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