Global S&T Development Trend Analysis Platform of Resources and Environment
Luxembourg has achieved high levels of growth and well-being but must do more to preserve and share prosperity | |
admin | |
2019-07-10 | |
发布年 | 2019 |
语种 | 英语 |
国家 | 国际 |
领域 | 地球科学 |
正文(英文) | 10/07/2019 - Luxembourg’s economy has grown at a robust pace and has enviable levels of well-being, but public policy can do more to make growth sustainable and inclusive, according to a new report from the OECD. The latest OECD Economic Survey of Luxembourg discusses the challenges of making housing more affordable and reviving productivity growth. The Survey projects economic expansion will continue, with growth of about 2% this year and 2.5% next, but cautions about the risks of a possible downturn. The Survey, presented in Luxembourg City by OECD Secretary-General Angel Gurria, Luxembourg’s Finance Minister Pierre Gramegna and Housing Minister Sam Tanson, discusses the need to address financial sector risks, ageing-related pressures and use tax reform to support sustainable growth.
Fiscal policy should support growth and economic dynamism while ensuring the sustainability of public finances. For example, continuing the move toward higher taxes and excise duties on transport fuel - especially on diesel - combined with flanking measures over the short term for the most affected poor households, will address congestion and climate change risks while creating new revenue streams. The Survey notes that stronger productivity growth will above all require enhanced training so as to continually upgrade the skills of the workforce. In addition, modernisation of bankruptcy law would ease early restructuring and second chance opportunities and facilitate the exit of non-viable firms. Elimination of restrictions on advertising and marketing in professional services would boost competition. Also, promotion of cutting-edge technologies by public sector users would boost adoption by businesses.
For further information, journalists can contact contact Lawrence Speer (+33 1 4524 7970) in the OECD Media Office in Paris (+33 1 4524 9700).
Working with over 100 countries, the OECD is a global policy forum that promotes policies to improve the economic and social well-being of people around the world. |
URL | 查看原文 |
来源平台 | Organization for Economic Cooperation and Development |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/136475 |
专题 | 地球科学 |
推荐引用方式 GB/T 7714 | admin. Luxembourg has achieved high levels of growth and well-being but must do more to preserve and share prosperity. 2019. |
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