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Significance
Bettel’s centre-left coalition failed to win enough support for another term due to a collapse in backing for the Green party.
Impacts
The ongoing weaknesses in the construction sector will make it even harder for Luxembourg to increase housing supply substantially.
Luxembourg’s tax system, which makes the country one of the world’s main tax havens, is unlikely to attract major international scrutiny.
Favourable regulation and access to capital and expertise will likely attract a growing number of space companies to Luxembourg.
Keywords:
Luxembourg,
EUR,
politics,
election,
government,
party,
climate,
construction,
fiscal,
foreign investment,
foreign policy,
property,
regulation
© Oxford Analytica 2023. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2023
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