In the event of a global recession and in the wake of the coronavirus outbreak, forecasts indicate that the growth of Luxembourg's economy would slow by over two percent in 2020. During this time, GDP in the Grand Duchy showed a 2.8 percent growth relative to 2018. In March 2020, however, stock markets suffered heavy losses as governments worldwide tried to contain the pandemic and fears grew on the economic consequences of this virus.
GDP (volume) growth rate in Luxembourg in 2019, with forecasts for 2020 to 2024
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STATEC. (March 9, 2020). GDP (volume) growth rate in Luxembourg in 2019, with forecasts for 2020 to 2024 [Graph]. In Statista. Retrieved August 17, 2022, from https://www.statista.com/statistics/1103714/gdp-growth-rate-in-luxembourg/
STATEC. "GDP (volume) growth rate in Luxembourg in 2019, with forecasts for 2020 to 2024." Chart. March 9, 2020. Statista. Accessed August 17, 2022. https://www.statista.com/statistics/1103714/gdp-growth-rate-in-luxembourg/
STATEC. (2020). GDP (volume) growth rate in Luxembourg in 2019, with forecasts for 2020 to 2024. Statista. Statista Inc.. Accessed: August 17, 2022. https://www.statista.com/statistics/1103714/gdp-growth-rate-in-luxembourg/
STATEC. "Gdp (Volume) Growth Rate in Luxembourg in 2019, with Forecasts for 2020 to 2024." Statista, Statista Inc., 9 Mar 2020, https://www.statista.com/statistics/1103714/gdp-growth-rate-in-luxembourg/
STATEC, GDP (volume) growth rate in Luxembourg in 2019, with forecasts for 2020 to 2024 Statista, https://www.statista.com/statistics/1103714/gdp-growth-rate-in-luxembourg/ (last visited August 17, 2022)