Luxembourg: Staff Report for the 2004 Article IV Consultation
Volume/Issue:
Volume 2004
Issue 125
Publication date: May 2004
ISBN: 9781451824322
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
| English |
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book
This title contains information about the following subjects.
Click on a subject if you would like to see other titles with the same subjects.
Labor , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , projection , government , deficit , authority , authorities' stability , IMF staff calculation , staff appraisal , deficit target , expenditure growth , Pension spending , Financial sector , Income , Global
Also of interest
Summary
This 2004 Article IV Consultation highlights that the Luxembourg authorities are adjusting policies to the growth slowdown, although major new initiatives are on hold in the run-up to the June 2004 general election. Tax cuts, high expenditure, and weak activity are estimated to have caused a general government deficit in 2003. Executive Directors have welcomed indications that real GDP growth is rebounding, following an unusually long period of sluggish activity. However, they have stressed that medium-term growth prospects are now less buoyant in comparison with the exceptional growth performance of the past decade.
