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

April 3, 2018

Preview Citation

Format: Chicago

Luxembourg: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg, (USA: International Monetary Fund, 2018) accessed December 21, 2024

Summary

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.

Subject: Banking, Corporate income tax, Financial institutions, Financial Sector Assessment Program, Financial sector policy and analysis, Mutual funds, Public debt, Revenue administration, Taxes

Keywords: Authorities' reform effort, Corporate income tax, CR, Current account surplus, Europe, Financial Sector Assessment Program, Global, Government, Government's commitment, IP box regime, ISCR, Liability positions vis-à-vis nonresident, Luxemburg, Mutual funds, Staff appraisal, Surplus

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/096
Stock No:

1LUXEA2018001
ISBN:

9781484349960
ISSN:

1934-7685

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