Luxembourg: Staff Report for the 2006 Article IV Consultation

International Monetary Fund

No 2006/164, IMF Staff Country Reports from International Monetary Fund

Abstract: Luxembourg’s 2006 Article IV Consultation reports that the dominant financial sector has supported a steady rebound in economic activity. Growth is projected to remain healthy in the near term, but trend growth may decline as the rapid financial sector expansion may decelerate. The financial sector’s successful shift from traditional banking services to the investment fund industry (IFI) is well advanced. The close integration of Luxembourg’s mostly foreign-owned financial institutions with their parent companies tends to enhance soundness, including asset quality and capital adequacy.

Keywords: ISCR; CR; estimate; staff appraisal; Luxembourg economy; expenditure growth; stability program; Luxembourg labor market; Financial sector; Pension spending; Income; Wages; Global (search for similar items in EconPapers)
Pages: 50
Date: 2006-05-08
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Citations: View citations in EconPapers (10)

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