Category: _In English_
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State of the Nation Address and State Budget 2022: Analysis and reflections
The Prime Minister’s State of the Nation address and the tabling of the draft budget for the year 2022 and the next four years were two of the highlights of the past week. Complementary documents, it is therefore a joint reading that follows.
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Climate transition: Saying yes to ambitious and realistic targets and no to economic decline
Devastating floods in the Greater Region, forest fires in the south of Europe, and record temperatures…. An accumulation of extreme weather events in Europe and around the world has dominated the news this summer. The conclusions of 230 experts from 60 countries that make up the Intergovernmental Panel on Climate Change (IPCC) are therefore not…
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Profitability: A vaccine for companies
The vaccination campaign is faltering, and Luxembourg’s performance in this regard (compared with most other developed countries) is in flagrant contradiction with the evolution of its GDP. Indeed, while Luxembourg is still unable to increase the rate of vaccination of its population – an absolute prerequisite for maintaining a certain degree of acceptance of the…
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2021: A decisive year of decisions
At the beginning of 2020, the shock was as sudden as it was unexpected and the past year continued to be exceptional in many ways: healthcare systems and hospitals overwhelmed because of the virus, health measures, population lockdowns, massive use of teleworking in sectors where it is possible, administrative closures of businesses, etc. Countless unprecedented…
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The five prerequisites for limiting the socioeconomic damage from this unprecedented crisis
Alongside the humanitarian and health tragedy, the COVID-19 crisis has had an unprecedented impact on the global economy, and therefore on the European and Luxembourg economies. In the Grand Duchy, which is one of the world’s five most open economies, the general lockdown and the sudden halt to economic activity are threatening the foundations of…
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No alternative to growth
Luxembourg has enjoyed higher-than-average growth for some time now – attributable to a fast-growing population driven by our attractive economy. Lately, however, the word ‘growth’ seems to be acquiring increasingly negative connotations. Critics of growth point to undesirable consequences like the high cost of housing, daily traffic jams, the impact on our environment, and the associated…
