Luxembourg: Staff Report for the 2000 Article IV Consultation

May 15, 2000

Summary

Luxembourg's economic and fiscal performance has remained impressive. A proactive policy approach focused on institutional reforms will bolster the economy and public finances to growth reversals. A shift to a more diversified pension system should be a policy priority. Further income tax reforms are desirable. The management of the public sector's holdings of financial assets should be improved. An exceptionally favorable economic environment has blunted Luxembourg's labor market rigidities but reforms are needed. Maintaining effective banking supervision and governance should remain a priority of public policy.

Subject: Economic sectors, Employment, Expenditure, Financial sector, Labor, Labor market institutions, Labor markets, Pension spending

Keywords: Asia and Pacific, Belgian Province de Luxembourg, CR, Eastern Europe, Employment, Europe, Financial sector, Global, growth performance, IMF staff estimate, ISCR, Labor market institutions, Labor markets, Luxembourg economy, Luxembourg's hallmark, Pension spending, social security system, stability program

Pages:
45
Volume:
2000
DOI:
https://doi.org/10.5089/9781451824254.002
Issue:
065
Series:
Country Report No. 2000/065
Stock No:
1LUXEA0012000
ISBN:
9781451824254
ISSN:
1934-7685

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Notes

Included with the Staff Report are the text of Public Information Notice No. 00/34 and a Statement by J. Prader and A. Jacoby on May 8, 2000.

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