Luxembourg: 2022 Article IV Consultation-Press Release; and Staff Report for Luxembourg

International Monetary Fund

No 2022/152, IMF Staff Country Reports from International Monetary Fund

Abstract: Real GDP surpassed its pre-pandemic trend in early 2021, and the labor market is tight. Inflation is increasing, mainly driven by energy prices, but core inflation is also edging up. The fiscal position strengthened and the financial sector has remained resilient. Rapidly growing housing prices raise concerns about affordability and could pose risks for financial stability and the country’s attractiveness in the medium term. Following the outbreak of war in Ukraine, inflation pressures have intensified and financial market volatility has risen.

Keywords: money market rate; IMF staff calculation; Luxembourg's currency; executive board assessment; liability positions vis-a-vis nonresident; Labor markets; Housing; Housing prices; Loans; Income; Global; Europe (search for similar items in EconPapers)
Pages: 62
Date: 2022-06-03
New Economics Papers: this item is included in nep-cis and nep-mac
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