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via rttnews.comEconomy

Luxembourg Economy Contracts 0.9% in Q2

FROM THE WIRE · RTTNEWS.COM

Luxembourg's economy logged a renewed contraction in the second quarter. Gross domestic product dropped 0.9 percent sequentially, reversing a revised 0.3 percent growth in the second quarter.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishLuxembourg contraction is minor economic data for a small economy with limited global market impact.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Luxembourg GDP fell 0.9% in the second quarter.
  2. 02Contraction reverses revised 0.3% growth in the prior quarter.
  3. 03Luxembourg is a small economy with limited influence on global markets.

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