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

Luxembourg: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg
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Volume/Issue: Volume 2023 Issue 176
Publication date: May 2023
ISBN: 9798400242212
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Labor , Finance , Inflation , Economics- Macroeconomics , Money and Monetary Policy , International - Economics , Luxembourg economy , money market rate , policy advice , liability positions vis-a-vis nonresident , central bank of Luxembourg , Inflation , Wage indexation , Mutual funds , Loans , Energy prices , Global , Europe

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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.

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