Luxembourg: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg

International Monetary Fund

No 2018/096, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2018 Article IV Consultation highlights that the economic growth in Luxembourg reached 2.3 percent in 2017, above the European Union average, and was driven by net exports of financial services and private consumption. Growth is projected at 3.5 percent for 2018, with continued strong job creation, and a temporary slowdown in inflation. In 2017, buoyant corporate tax revenues contributed to a fiscal surplus of 1.4 percent of GDP. The full impact of 2016 tax reform, and a continued need for high public investment are expected to result in a small fiscal surplus over the medium-term.

Keywords: ISCR; CR; government; Luxemburg; IP box regime; surplus; liability positions vis-à-vis nonresident; current account surplus; authorities' reform effort; government's commitment; staff appraisal; Mutual funds; Financial Sector Assessment Program; Corporate income tax; Global; Europe (search for similar items in EconPapers)
Pages: 61
Date: 2018-04-03
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