Economic blog
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 measures restricting individual and collective freedoms and for giving employees and companies a chance to emerge from this crisis – the Grand Duchy recorded a surprisingly solid economic performance at the end of 2020. In the fourth quarter of 2020, the GDP in real terms (seasonally adjusted) increased by 1.4% compared with the fourth quarter of 2019. Its quarterly evolution was 1.6% compared to the previous quarter.
Read the full post on: https://www.carlothelenblog.lu/2021/03/12/profitability-a-vaccine-for-companies/