On 20 April 2024, the rating agency Creditreform Rating confirmed the Grand Duchy's "AAA" rating with a "stable" outlook.
The agency expects real GDP growth to pick up again, supported by substantial public investment, particularly in the twin energy and ecological transition to meet the country's demographic challenges.
According to Creditreform Rating, the upturn in consumer confidence in recent months and the expected cut in key interest rates point to a more favourable trend in economic activity and a better performance by the financial sector. In addition, the moderate inflation expected in 2024 should support private consumption.
Against the background of a prudent fiscal policy and a firm commitment to the sustainability of public finances, the debt-to-GDP ratio should remain relatively low over the medium term.
Press release by the Ministry of Finance