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IMF concerned over rising house prices in Luxembourg

Luxembourg's Finance Minister Yuriko Backes met with the IMF delegation last week. Photo: Luxembourg Finance Ministry.

Luxembourg’s financial system has weathered the pandemic well, but the Russia-Ukraine conflict poses new risks to Luxembourg’s economy while the surge in housing prices from recent years threatens the attractiveness of the Grand Duchy, the International Monetary Fund (IMF) has concluded after a two-week mission.

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