Luxembourg’s GDP is predicted to rise 2.5% in 2019 and 2.6% in 2020, the commission stated.

Ireland and Slovakia had the highest projected growth rates (both 4.1%), Italy had the lowest (0.2%), while across the entire EU28 the figure was 1.5%.

The commission also predicted that consumer prices in Luxembourg would rise by 1.6% in 2019 and 1.8% in 2020.