Like the rest of Europe, Luxembourg must prepare for a difficult semester, writes Statec in its latest “Flash Conjoncture”.
Although the figures for the second quarter of Luxembourg are not yet available, it is clear that the financial sector has experienced difficulties during this period due to the deterioration of the stock market. On the positive side, things are looking up for non-financial services, although inflation is of course affecting everyone.
As for the third quarter, however, the outlook for industrial production remains gloomy. With stock markets trending higher since late July, there is little optimism in the financial sector.
What is currently striking in Luxembourg is that in the second quarter, 18% fewer fixed-rate mortgages were granted. Contracts with variable interest rates, on the other hand, increased by 5.4%. In general, the demand for mortgages is down.
However, there is good news from the Horeca sector. The sector is looking for a remarkable recovery in 2022 after the covid crisis. The sector is also almost back to its pre-crisis level in terms of workforce.
And in terms of inflation, Statec predicts 6.6% for this year and 5.4% for next year. It is still possible that another index tranche will be invoked at the end of the year.
Statec continues to project growth of 2% for 2022. For 2023, 4% is forecast.
You can read the full flash conjuncture for August 2022 here.
RTL Today – Statec: 18% drop in fixed mortgages; drop in demand and latest news
I tried to give all kinds of news to y’all latest news today 2022 through this site and you will like all this news very much because all the news that we always give in this news is always there. It’s on a trending topic and regardless of the latest news
it was always our effort to reach you that you continue to get the Electricity News, Degree News, Donation News, Bitcoin News, Trade News, Real Estate News, Gaming News, Trending News, Digital Marketing, Telecom News, Beauty News, Banking News, Travel News, Health New, Cryptocurrency News, Claims News the latest news and you always keep getting the news information for free through us and also tell people. Give that any information related to other types of news will be
RTL Today – Statec: 18% drop in fixed mortgages; demand decreases and more live news
All this news i made and shared for you, you will like it very much and we keep bringing you topics like every time so you keep getting hot news like trending topics and you It’s our goal to be able to have
all kinds of news without going through us so that we can reach you the latest and best news for free so that you can go further by getting the information of this news with you. Later we will continue
to provide information on more world news update today types of latest news through posts on our website so that you always keep moving forward in this news and whatever type of information will be there, it will definitely be passed on to you.
RTL Today – Statec: 18% drop in fixed mortgages; demand is decreasing and no more news today
All this news that I have brought to you or will be the most different and best news that you will not get anywhere, as well as the information Trending News, Latest News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to you all so that you are always connected with the news, stay ahead of the game and continue to today’s news all types of news for free till today so you can get the news by getting it. Always take two steps forward
Credit goes to news website – This news website from the original content owner. This is not my content so if you want to read the original content you can follow the links below
Get original links here🡽