OECD Economic Outlook, Volume 2021 Issue 2
The global recovery from the COVID-19 pandemic is uneven and becoming imbalanced. The OECD Economic Outlook, Volume 2021 Issue 2, highlights the continued benefits of vaccinations and strong policy support for the global economy, but also points to the risks and policy challenges arising from supply constraints and rising inflation pressures.
This issue includes a general assessment of the macroeconomic situation, and a chapter summarising developments and providing projections for each individual country. Coverage is provided for all OECD members as well as for selected partner economies.
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Luxembourg
The Luxembourg economy is set to strengthen further, growing 6.5% in 2021, 3.7% in 2022 and 3.1% in 2023. Investment is expected to rise, alongside stronger consumption, supporting growth even as financial and business services activity normalises. Employment and wage growth remain robust. Core inflation is forecast to rise steadily as growth remains high and spare capacity declines. Risks to growth are balanced. Spillover effects from EU-wide Next Generation EU funds may be larger than forecast, or price pressures higher.
Egalement disponible en : Français