Conjoncture Flash December 2018

As 2018 draws to a close, the economic situation in Luxembourg remains positive. However, growth forecasts have been revised downwards notably in conjunction with the deterioration in the global economic environment. GDP growth in Luxembourg should therefore rise to 3% per year, both this year and next year.

• Euro zone: growth should remain weak in Q4

• Financial sector 1/2: Slump continues for European equities

• Financial sector 2/2: Variable rates popular again

• Consumer prices: Vegetables fuel inflation

• Labour market 1/2: Slowdown in paid employment

• Labour market 2/2: Partial unemployment applications rise

• Consumption: Engines have stalled