Conjoncture Flash January 2018

Luxembourg GDP performed relatively well in the 3^rd quarter of 2017 compared with the results for the 1^st half of the year. Non-financial services contributed significantly to this improvement, while the financial sector seems to be easing off somewhat. The international economic climate remained buoyant in the run-up to 2018.

• International: Prospects for the euro zone gradually raised

• Consumption: A record that needs to be put into perspective

• Financial sector (1/2): Sustained demand for fixed-rate loans

• Financial sector (2/2): Better prospects for results

• Labour market: Unemployment remains above pre-crisis levels

• Inflation: Despite a recovery, inflation remained low in 2017

• Public finances: 5.6% rise in tax receipts in 2017