Economy
Economy
Luxembourg's economy stalls in first quarter as euro area shrinks
Luxembourg's real GDP was unchanged quarter-on-quarter in the first three months of 2026 and up 1.6% on the year, STATEC said, as the euro area as a whole shrank by 0.2%. Manufacturing and financial services dragged on activity while investment and public spending held it up, and STATEC has already trimmed its 2026 growth forecast.