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Country Economic Forecasts > Luxembourg

  • March 2017
  • 8 pages
  • Oxford Economics
Report ID: 1907596

Summary

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Luxembourg's economy stalled in Q3 2016, with
GDP contracting 0.1% on the quarter, primarily due to weakness in domestic
demand. However, high-frequency data on car sales and retail sales suggest a
recovery in private consumption in Q4, with financial sector activity also expected
to have been boosted by the more favourable stock market in late-2016. Overall,
GDP growth is estimated at 3.7% in 2016. With consumer conditions in particular
remaining largely favourable in the months ahead, momentum should carry into
2017, with GDP growth of 3.3% expected for the year.


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