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Medium-term forecast 2020-2024 for Luxembourg
12-03-2020 | STATEC

STATEC just published its medium-term projections. The baseline scenario features a gradual slowdown in Luxembourg's economic growth, from a cycle peak observed in 2018/2019. Real GDP would hence slow from around 3% to around 2% by 2024, with employment growth converging to 1.5%. The projection is accompanied by two risk scenarios, one on the upside, the other on the downside, the latter possibly being linked to a severe economic crisis due to the coronavirus epidemic.