Macro - Country Economic Forecasts - Luxembourg
We maintain our forecast that Luxembourg's economy will grow by 1.1% in 2024, supported by consumption and net exports. The economy expanded by 0.5% q/q in Q1, outpacing growth in the eurozone. But growth was mainly driven by net exports, which contributed positively as imports contracted more than exports. Domestic demand and investments both contracted during the quarter, suggesting momentum was subdued.
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