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Activity recovers in Q3
25-08-2020 | STATEC

Luxembourg GDP fell significantly in Q2 2020 mainly due to lockdown measures while other euro zone countries suffered the same fate. Nevertheless, from May onwards, signs of recovery emerged in most sectors of activity and the economic surveys available up to July/August confirm this more favourable trend. Luxembourg GDP data for Q2 2020 is not yet available. However, a very sharp drop is expected, similar to estimates already available for the euro zone (-12% over one quarter), linked to the disruption caused by the pandemic.