Luxembourg: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg

May 25, 2021

Preview Citation

Format: Chicago

Luxembourg: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Summary

The economic impact of the pandemic has been much milder than initially foreseen, still the outlook remains challenging. The economy, dominated by financial services, adapted quickly to telework and benefited from unprecedented policy support, both domestically and globally. Uncertainty is unusually high, dominated by the virus dynamics in the short term, with downside risks relating to a sharp rise in global risk premia, deglobalization trends, and changes in international taxation.

Subject: COVID-19, Credit, Expenditure, Health, Infrastructure, International organization, Monetary policy, Money, National accounts, Public investment and public-private partnerships (PPP), Public investment spending

Keywords: COVID-19, Credit, Europe, Global, IMF staff calculation, Infrastructure, Liability positions vis-à-vis nonresident, Money market rate, Policy support, Public investment and public-private partnerships (PPP), Public investment spending, Support measure

Publication Details

Pages:

79
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/093
Stock No:

1LUXEA2021001
ISBN:

9781513572994
ISSN:

1934-7685

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