Conjoncture Flash October 2026: Treading water
Luxembourg’s GDP declined in the 2nd quarter of 2026. However, this decline comes against a backdrop in which economic activity figures for previous quarters have been significantly revised upward.
- Rising sovereign yields in G7 economies
- Inflation forecasts revised upward
- Valuations rise, volumes decline
- More job openings in healthcare, construction, and retail
- Marked slowdown in wages in the 2nd quarter
- AI is putting pressure on memory prices
- The war in Iran is affecting other energy prices
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