Macro forecast: Luxembourg economy seen growing faster than eurozone's | #EU | Luxembourg (Europe) | Scoop.it
From www.wort.lu - November 9, 2017 10:25 AM
Luxembourg's economic growth will outpace the eurozone's in 2017 and the following two years, the European Commission has predicted, citing sustained employment creation, private consumption and increased domestic demand.

In its autumn economic forecast, the Commission said the Grand-Duchy's economy would expand by 3.4% this year and then by 3.5% and 3.3% in 2018 and 2019, respectively.

That compares with 2.2%, 2.1% and 1.9% among the 19 countries that use the euro currency.

"The external sector is expected to remain solid, supported by an improved external environment, especially in the euro area," the Commission said in its section on Luxembourg.

In 2019, "the external sector, which is dominated by financial services exports, is expected to remain robust, even if receding, in line with financial markets prospects".

 

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https://www.scoop.it/t/luxembourg-europe/?&tag=Economy