Luxemburg statistical agency STATEC: economic growth of 1% in 2013 is possible
This is the conclusion of STATEC statement. After the first quarter of almost zero growth, the majority of business surveys have found evidence of an economic recovery since the second quarter, which means that the growth forecast of 1% could be achieved.
STATEC expects an improvement in the situation since the chiefs of the companies show more confidence since April.
The same is true for the industrial sector for two last months. The entrepreneurs are more confident regarding their orders and production. But large stocks and low utilization of the production capacity continue to trouble them.