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Luxembourg : Retail Snapshot - Q2 2013

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Luxembourg : Retail Snapshot - Q2 2013

According to Statec, Luxembourg GDP grew by 1.0% in the first quarter of 2013 compared to the same quarter the previous year. However when compared to Q4 2012 GDP declined by -1.6% demonstrating how fragile the return to growth is at present. Export volumes and industrial output fell in Q1 affecting the GDP figure, underlining how reliant Luxembourg is on external demand.

Source : Cushman & Wakefield

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