Conjoncture Flash March 2025: US policy casts a cloud of uncertainty
The decisions taken by the new US administration, particularly with regard to raising tariffs, have added to the uncertainty surrounding the global economic outlook. Even though Luxembourg's exposure in terms of goods exported to the United States is relatively low, indirect effects linked to the deterioration in the international economic climate cannot be ruled out.
- GDP growth in Q4 2024, +1.0% for the year as a whole
- Ireland gains further market share in funds
- Turbulence on Wall Street
- Sharp rise in mortgages at the end of 2024
- Inflation remains moderate
- The rise in unemployment seems to be tailing off
- Photovoltaics outstrip wind power in Luxembourg
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