Macro - Country Economic Forecasts - Luxembourg

Macro - Country Economic Forecasts - Luxembourg

We maintain our view of GDP in Luxembourg growing 1.1% in 2024. GDP was flat in Q4 and we think Q1 this year will mark the onset of a recovery in line with the rest of the eurozone. We think exports will recover after contracting by 0.8% in Q4, while we see the quarterly growth of consumption to be lower after a strong last quarter in 2023.

Luxembourg: outlook strengthens as eurozone GDP grows in M1
Forecast overview
Recent developments
Short-term growth outlook
Key drivers of our Short-term Forecast
Economic risk
Economic risk evaluation
Economic development
Structure of the economy
Balance of payments and Structure of trade

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