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Note de conjoncture 1-20 : The quarantine crisis
11-06-2020 | STATEC

The lockdown measures introduced to limit the health impact of the Covid-19 pandemic have had a swift and serious effect on the economy. Luxembourg GDP in volume is set to decline 6% this year, followed by a 7% rally in 2021. This scenario is based on the health situation returning to normal and a gradual resumption of activity. Like many countries, Luxembourg is set to enter a deep recession which will have significant consequences on the labour market and public finances.