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Macro - Country Economic Forecasts - Luxembourg

Publisher Oxford Economics
Published May 12, 2025
Length 6 Pages
SKU # OFE20029105

Description

Growth momentum in Luxembourg was strong in Q4 last year, driven by consumption and net trade. The economy expanded by 1% over the year following data revisions. However, a more challenging growth outlook after US liberation day prompted us to revise annual GDP growth to 1.8% for 2025, which is 0.4ppts lower than our previous baseline.

Table of Contents

6 Pages
Luxembourg: No escape from tariff headwinds
Forecast overview
Recent developments
Short-term growth outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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