Luxembourg Economy; Covid-19 pandemic; Economic Growth; European Union; Recovery Plan; Financial Centre; Banking Sector; Social Policy; Health Care Reform; Cross-border workforce; Employment and social cohesion; Data-driven economy; Long-term fiscal sustainability; Luxembourg consultation model
Abstract :
[en] The series of measures, which helped to mitigate the short-term social and economic consequences of the crisis while paving the way for effective medium- and long-term strategies, entailed spending of approximately €2,050m. (an increase of 21.9% compared with 2019). In terms of structural improvements to SMEs, which underpin the Luxembourg economy, capital grants increased by €142.7m. compared with 2019, while investment expenditure rose by €301.8m. (26.2% higher than in 2019). Social benefits grew by an even higher proportion, increasing by 88.6% between June 2019 and June 2021 (an increase of €797.6m.).
Research center :
- Luxembourg Centre for Contemporary and Digital History (C2DH) > Contemporary European History (EHI)
Disciplines :
Political science, public administration & international relations International economics General economics & history of economic thought Arts & humanities: Multidisciplinary, general & others History
Author, co-author :
DANESCU, Elena ; University of Luxembourg > Luxembourg Centre for Contemporary and Digital History (C2DH) > Contemporary European History
External co-authors :
yes
Language :
English
Title :
Luxembourg Economy: In the Aftermath of the Pandemic
The book include expert analysis on the area cover issues of regional importance, an extensive statistical survey of economic and demographic indicators, and bibliographies of books and periodicals covering the region.
