Luxembourg Business Compass 2014
Twelve-month outlook for the Luxembourg economy
On a scale of +5 to -5, how do you expect the Luxembourg economy to develop in view
of the next 12 months?
When the first survey wave was conducted in April 2009, the Luxembourg economy was
in the grip of the global crisis sparked by the collapse of the U.S. real estate
market in 2007. Subsequent surveys offered signs that the Luxembourg economy was
on a steady path towards recovery. Since late 2011, however, against the backdrop
of the escalating European currency and debt crisis, economic expectations have
again become more clouded.
This year in 2014, Luxembourg business leaders are increasingly optimistic about
the economic outlook in view of the next 12 months (+0.8%). They anticipate noticeable
economic growth over the course of the year, even if their expectations are still
considerably more cautious than they were in late 2010/early 2011.
In addition to the core questions on the economic trend and Luxembourg's competitiveness,
this survey wave focuses on the perception business leaders have on the new government
following the election held in 2013 and subsequently feeling about its political
action, as well as areas related to employment in Luxembourg.
KPMG conducts a biannual study with the Luxemburger Wort, the Luxembourg Business
Compass. The study aims to ascertain business leaders’ expectations regarding future
economic trends. The survey also zooms in on entrepreneurs plans for their own companies'
future development. These core elements are supplemented by varying questions pertaining
to topical issues in business or politics. The study is analyzed independently by
the Institut für Demoskopie Allensbach.