Luxembourg : Staff Report for the 2014 Article IV Consultation.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. European Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2014/118

IMF Staff Country Reports

Language:

English

Subjects (All):

Finance--Luxembourg.

Finance.

Fiscal policy--Luxembourg.

Fiscal policy.

Luxembourg--Economic conditions.

Luxembourg.

Luxembourg--Economic policy.

Physical Description:

1 online resource (56 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2014.

Language Note:

English

Summary:

This 2014 Article IV Consultation highlights that with a strong policy framework, Luxembourg has weathered the crisis well and the economy is rebounding. The fiscal position remains sound, and the large financial sector has been resilient. After a shallow recession in 2012, growth reached 2.1 percent in 2013. The improving economic and financial environment in Europe drove the recovery in services exports. The outlook is for growth to firm up but without returning to its pre-crisis trend. Output is forecast to grow broadly in line with potential (2 to 2½ percent) during 2014–2019.

Contents:

Cover; CONTENTS; GLOSSARY; RESILIENT SO FAR, BUT CHALLENGES LOOMING; BOXES; 1. Luxembourg's Financial Sector; 2. Housing Market Challenges; OUTLOOK, RISKS, AND SPILLOVERS; 3. Uncertainty in Potential Output Growth and Output Gap Estimates; POLICY PRIORITIES TO SECURE LUXEMBOURG'S ECONOMIC AND SOCIAL MODEL; A. Adapting Fiscal Policy; 4. Inactivity Traps in Luxembourg; B. Navigating the Changing Financial Landscape; C. Supporting Economic Diversification beyond the Financial Sector; 5. Wage Adjustment and Inflation Persistence; STAFF APPRAISAL; FIGURES; 1. Real Sector Developments

2. Credit and housing market conditions3. External Developments and Labor Market; 4. Financial Sector; 5. Fiscal Developments; 6. Public DSA: Composition of Public Debt and Alternative Scenarios; TABLES; 1. Selected Economic Indicators; 2. Risk Assessment Matrix; 3. General Government Operations; 4. General Government Financial Balance Sheet; 5. Public Sector Debt Sustainability Analysis (DSA) - Baseline Scenario; 6. Financial Soundness Indicators; APPENDICES; I. Exchange Rate Assessment; II. Implementation of Past Fund Advice; III. Implementation of 2011 FSAP Recommendations

IV. Financial Integrity and Transparency IssuesCONTENTS; FUND RELATIONS; STATISTICAL ISSUES; TABLE OF COMMON INDICATORS REQUIRED FOR SURVEILLANCE

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF cover (ebrary, viewed June 12, 2014).

ISBN:

9781484378533

1484378539

9781484378519

1484378512

9781484378595

1484378598