Luxembourg: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg

International Monetary Fund

No 2021/093, IMF Staff Country Reports from International Monetary Fund

Abstract: The economic impact of the pandemic has been much milder than initially foreseen, still the outlook remains challenging. The economy, dominated by financial services, adapted quickly to telework and benefited from unprecedented policy support, both domestically and globally. Uncertainty is unusually high, dominated by the virus dynamics in the short term, with downside risks relating to a sharp rise in global risk premia, deglobalization trends, and changes in international taxation.

Keywords: liability positions vis-à-vis nonresident; policy support; money market rate; support measure; IMF staff calculation; COVID-19; Credit; Public investment and public-private partnerships (PPP); Infrastructure; Public investment spending; Global; Europe (search for similar items in EconPapers)
Pages: 79
Date: 2021-05-25
New Economics Papers: this item is included in nep-mac
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