Luxembourg: Staff Report for the 2015 Article IV Consultation

June 8, 2015

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Luxembourg: Staff Report for the 2015 Article IV Consultation, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This 2015 Article IV Consultation highlights that Luxembourg’s economic model, emphasizing fiscal stability, openness, firm prudential oversight, and responsiveness to investor needs, is delivering strong growth. Buoyant financial services exports contributed to real growth of close to 3 percent in 2014, with strong job creation. Budget 2015 launched a multi-year fiscal consolidation aimed at offsetting falling revenues from electronic commerce. The economy faces important challenges going forward. Evolving international tax transparency standards, in which Luxembourg is participating fully, could impact the revenue base. Growth is projected at 2.5 percent in 2015.

Subject: Banking, Economic sectors, Expenditure, Financial institutions, Financial regulation and supervision, Financial sector, Loans, Public debt

Keywords: Authorities' April update, Budget proposal, Center, CR, EU initiative, Europe, Financial sector, Global, Government, Growth assumption, Growth program, ISCR, Liability positions vis-à-vis nonresident, Loans, Luxembourg's economy

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/144
Stock No:

1LUXEA2015001
ISBN:

9781513530802
ISSN:

1934-7685

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