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2012 OECD Economic Surveys: Luxembourg 2012

image of OECD Economic Surveys: Luxembourg 2012

OECD's 2012 Economic Survey of Luxembourg examines recent economic developments, policy and prospects and includes more detailed analyses of social cohesion and green growth.

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Executive summary

Luxembourg enjoys the highest per capita income in the OECD and has emerged from the economic and financial crisis in relatively good shape. The important financial centre rode out the global financial crisis, banks are well capitalised, public finances are robust compared to most other OECD countries, and unemployment is relatively low. In particular, employment in the financial sector has continued to grow, benefitting from inflows to asset management, which has sustained domestic demand. However, the weak recovery and downside risks to global and European growth imply an uncertain short-term outlook.

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