Executive summary
Assessment and recommendations
Chapter 1. Recovering from the crisis
-A sharp recession has followed a long period of economic growth
-Policy measures have helped to support the economy
-Rebalancing the public finances
Chapter 2. Achieving sustainable improvements in living standards.
-A major reform of education is underway
-Greater competition would increase productivity and make the economy more flexible
-Housing costs are driven up by weak supply and tax subsidies
-The transport infrastructure needs to be upgraded and used more efficiently
-“Greening” the economy will be a major challengeAnnex 2.A1.Progress in structural reform
Chapter 3. Making the labour market work better
-A snapshot of the Luxembourg labour market
-Improving the adaptability of the labour market
-Policy reforms to raise labour supply
Conclusions
Chapter 4. The Luxembourg financial centre and the international financial crisis
-The financial crisis had a strong impact on Luxembourg
-The international banking sector is highly specialised and large relative to the economyAsset and wealth management activities face new challenges
Glossary