Economic outlook for Luxembourg

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Last week, the national statistics agency Statec revised its economic growth figures for this year clearly upwards. For the next year Luxembourg is even expected to have up to three percent growth rate. The latest Eurostat figures are another clear indication that the economic growth in Luxembourg as well as in Europe is returning.

This means that Luxembourg could soon return to the growth rates before the financial and economic crisis that started in 2008. This can generate the increase in the number of employees and, and in turn increase consumer spending. The long crisis may soon be over.