That’s according to the European Commission’s “Autumn 2019 Economic Forecast” released on 7 November.

Predicted GDP growth for both the EU27 and EU28 is 1.4% for the 2019-2021 period.

The commission forecast Luxembourg employment growth of 3.7% in 2019, 3.4% in 2020 and 3.1% in 2021.

Consumer price inflation is predicted to be considerably lower than the growth rate. The commission outlook said it would be 1.7% in 2019, 1.6% in 2020 and 1.9% in 2021.

Luxembourg government gross debt is expected to remain under 20% of GDP during the same timeframe.

Autum 2019 #ECForecast: A challenging road ahead.

The European economy is now in its seventh consecutive year of growth and is forecast to continue expanding in 2020 and 2021.

Press release https://t.co/ivkpBtlZLF pic.twitter.com/9KFejpPxID

— EU Economy & Finance (@ecfin) November 7, 2019