Economy: Surveys released this week reveal economic sentiment in Europe and the US continue to slide. The European Commission’s Economic Sentiment Indicator, which measures both business and co...
Economy: Luxembourg urgently needs to reform its salary and pension systems to bolster the economy and competitiveness, central bank governor Yves Mersch has warned in an official publication. &ldquo...
Employment: Two-thirds of Luxembourg residents are “very confident” that they will keep their jobs in the immediate future, a European Commission survey shows. That level of confidence (67 percen...
Economy: Estimated 2011 euro zone GDP growth was cut to 1.6% from the two percent predicted in July, according to the European Eurozone Forecast issued by Ernst & Young and Oxford Economics on Mon...
Sovereign debt: The Grand Duchy retained its standing as AAA bond issuer, ratings agency Fitch said on Wednesday. In a glowing press statement, Fitch said Luxembourg’s top notch rating “i...
Outlook: “The global economy is in a dangerous new phase,” and “Europe must get its act together,” the International Monetary Fund said. The agency issued its world economic outlook on Tuesda...