Luxembourg: Staff Report for the 2006 Article IV Consultation

May 8, 2006

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Luxembourg: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed November 23, 2024

Summary

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.

Subject: Economic sectors, Expenditure, Financial sector, Income, Labor, National accounts, Pension spending, Wages

Keywords: CR, Estimate, Expenditure growth, Financial sector, Global, Income, ISCR, Luxembourg economy, Luxembourg labor market, Pension spending, Stability program, Staff appraisal, Wages

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/164
Stock No:

1LUXEA2006001
ISBN:

9781451824360
ISSN:

1934-7685

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