Luxembourg: Staff Report for the 2012 Article IV Consultation

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International Monetary Fund, Jul 3, 2012 - Business & Economics - 69 pages
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This 2012 Article IV Consultation highlights that economic growth in Luxembourg slowed in 2011 amid the euro area sovereign debt crisis. Reflecting sluggish external demand, economic activity is expected to further weaken, with growth projected to decline to percent in 2012. Executive Directors have welcomed the continued stability of Luxembourg’s economy despite the turbulence in the euro area. They have commended the authorities on measures taken to strengthen the financial sector and to implement recommendations from the Financial Stability Assessment Program update.
 

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Contents

STAFF APPRAISAL
18
FIGURES
20
TABLES
28
ANNEXES
34
CONTENTS
55
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