Luxembourg: 2022 Article IV Consultation-Press Release; and Staff Report for Luxembourg

June 3, 2022

Preview Citation

Format: Chicago

Luxembourg: 2022 Article IV Consultation-Press Release; and Staff Report for Luxembourg, (USA: International Monetary Fund, 2022) accessed November 21, 2024

Summary

Real GDP surpassed its pre-pandemic trend in early 2021, and the labor market is tight. Inflation is increasing, mainly driven by energy prices, but core inflation is also edging up. The fiscal position strengthened and the financial sector has remained resilient. Rapidly growing housing prices raise concerns about affordability and could pose risks for financial stability and the country’s attractiveness in the medium term. Following the outbreak of war in Ukraine, inflation pressures have intensified and financial market volatility has risen.

Subject: Financial institutions, Housing, Housing prices, Income, International organization, Labor, Labor markets, Loans, Monetary policy, National accounts, Prices

Keywords: Europe, Executive board assessment, Global, Housing, Housing prices, IMF staff calculation, Income, Labor markets, Liability positions vis-a-vis nonresident, Loans, Luxembourg's currency, Money market rate

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/152
Stock No:

1LUXEA2022001
ISBN:

9798400210563
ISSN:

1934-7685

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