IMF Staff Country Reports

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

Publication Date:

May 24, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Country Report No. 2023/176

Subject:

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

Frequency:

regular