Country Economic Forecasts - Luxembourg
Driven by growth across almost all sectors, Luxembourg surged ahead of the eurozone in Q1, posting annual GDP growth of 5.1%, the strongest since Q1 2015. This confirms our view that the economy is in rude health and that resilient domestic demand will offset the drag from slowing global trade. We now forecast GDP growth of 3.6% this year, up 0.1pp since our last report, with 3.3% expected in 2019.
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