Luxembourg: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg

May 24, 2023

Preview Citation

Format: Chicago

Luxembourg: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg, (USA: International Monetary Fund, 2023) accessed December 22, 2024

Summary

Growth and employment have slowed somewhat, reflecting mostly weaker external demand, tighter financial conditions, and confidence effects. A large fiscal support package in the run up to the election has alleviated the impact of the energy shock on consumers and firms, with energy price controls limiting the pass-through to inflation and hence wage increases in a context of automatic wage indexation.

Subject: Energy prices, Financial institutions, Inflation, International organization, Labor, Loans, Monetary policy, Mutual funds, Prices, Wage indexation

Keywords: Central bank of Luxembourg, Energy prices, Europe, Global, Inflation, Liability positions vis-a-vis nonresident, Loans, Luxembourg economy, Money market rate, Mutual funds, Policy advice, Wage indexation

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/176
Stock No:

1LUXEA2023001
ISBN:

9798400242212
ISSN:

1934-7685

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