On June 8, the Government and social partners signed the tripartite agreement aimed at supporting purchasing power, curbing inflation, and preserving the country’s economic competitiveness (the “Resilienzpak”). Last week, the IMD published its World Competitiveness Yearbook 2026. After three disappointing years, Luxembourg has climbed six places and re-entered the global top 15. Two positive signals in quick succession—reason to be pleased, while remaining clear-headed and vigilant. This improvement must not lead to confusing a statistical upturn with a structural recovery. Rankings reward past performance but say nothing about an economy’s ability to remain competitive in the long run—in other words, its capacity to undertake structural reforms to strengthen economic attractiveness and business performance.
Continue readingA “Year of Competitiveness” to Consolidate
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