2006 OECD Economic Surveys: Luxembourg 2006

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This 2006 OECD review of Luxembourg's economy examines the challenges Luxembourg is facing with regard to slowing economic growth, public finances, employment, education achievement and product market competition. It finds that Luxembourg has regained its footing after a slowdown at the start of the decade and that the financial servies sector, which accounts for one-third of economic activity, has renewed confidence. But there is deterioration in the fiscal position, weakening of the pension system, and growing unemployment all of which could be improved through enhanced human capital development and strengthened product market competition.

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Improving Education Achievement and Attainment to Compete in the Labour Market

Student achievement in Luxembourg is below the OECD average according to the 2003 OECD PISA study, with the gap in achievement between immigrant- and native students being above average. Similarly, education attainment is below the OECD average. A factor that makes learning more difficult in Luxembourg than in other countries is that it has a trilingual education system (Lëtzebuergesch, German and French are used as languages of instruction). This contributes to social unity by educating students to speak all three languages fluently but is challenging for students from lower socio-economic and/or immigrant backgrounds.

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