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Law > Business and Financial

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Cover IMF Staff Country Reports
Luxembourg: Staff Report for the 2012 Article IV Consultation
International Monetary Fund
This 2012 Article IV Consultation highlights that economic growth in Luxembourg slowed in 2011 amid the euro area sovereign debt crisis. Reflecting sluggish external demand, economic activity is expected to further weaken, with growth projected to decline to ½ percent in 2012. Executive Directors have welcomed the continued stability of Luxembourg’s economy despite the turbulence in the euro area. They have commended the authorities on measures taken to strengthen the financial sector and to implement recommendations from the Financial Stability Assessment Program update.
Keywords:
ISCR; CR; Luxemburg; authority; central bank; liability positions vis-à-vis nonresident; IMF staff calculation; Luxembourg economy; budgetary funds; social security fund; Labor markets; Global
Cover IMF Staff Country Reports
Luxembourg: Staff Report for the 2000 Article IV Consultation
International Monetary Fund
Luxembourg's economic and fiscal performance has remained impressive. A proactive policy approach focused on institutional reforms will bolster the economy and public finances to growth reversals. A shift to a more diversified pension system should be a policy priority. Further income tax reforms are desirable. The management of the public sector's holdings of financial assets should be improved. An exceptionally favorable economic environment has blunted Luxembourg's labor market rigidities but reforms are needed. Maintaining effective banking supervision and governance should remain a priority of public policy.
Keywords:
ISCR; CR; Luxembourg economy; Luxembourg's hallmark; stability program; Belgian Province de Luxembourg; growth performance; IMF staff estimate; social security system; Labor markets; Financial sector; Employment; Pension spending; Labor market institutions; Global; Europe; Eastern Europe; Asia and Pacific