Nothing lasts forever, Luxembourg will follow one day.
Well we see now that the pursuit of absolute growth comes at the cost of social stability.
Another financial crisis is just a matter of time and I think the economy will be much more affected this time around.
It is hard for us commoners to predict macro economic conditions. But on a micro level, I feel horesca sector will face lot of challenges. Most of the times I see empty restaurants , also so many restaurants close and change their places.
Rents will continue to increase 🙁 it is not benefitting anyone I think, just a hard bullet to bite.
From an expat POV, I feel Luxembourg is losing it’s attractiveness , housing and traffic are just bizarre and that doesn’t help making this weather any more bearable. It is a complete repeat of Dubai (I am born in Abu Dhabi) except that Luxembourg does not in particular enjoy supply of cheap labor for various factors.
Hard to talk about strengths of Lux if this country doesn’t really have real economy. I mean, cmon most of its GDP is based on immigrants, cross border workers and corporate tax advantages. It’s enough that any other country in Europe would offer 1% lower tax for funds and corporate and boom all Kirchberg and Cloche d’Or buildings are empty in no time.
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A cross border economy is hardly a miracle :\
We will see after the layoffs
The roman empire fell
The mongol empire fell
The spanish empire fell
The ottoman empire fell
Nothing lasts forever, Luxembourg will follow one day.
Well we see now that the pursuit of absolute growth comes at the cost of social stability.
Another financial crisis is just a matter of time and I think the economy will be much more affected this time around.
It is hard for us commoners to predict macro economic conditions. But on a micro level, I feel horesca sector will face lot of challenges. Most of the times I see empty restaurants , also so many restaurants close and change their places.
Rents will continue to increase 🙁 it is not benefitting anyone I think, just a hard bullet to bite.
From an expat POV, I feel Luxembourg is losing it’s attractiveness , housing and traffic are just bizarre and that doesn’t help making this weather any more bearable. It is a complete repeat of Dubai (I am born in Abu Dhabi) except that Luxembourg does not in particular enjoy supply of cheap labor for various factors.
Hard to talk about strengths of Lux if this country doesn’t really have real economy. I mean, cmon most of its GDP is based on immigrants, cross border workers and corporate tax advantages. It’s enough that any other country in Europe would offer 1% lower tax for funds and corporate and boom all Kirchberg and Cloche d’Or buildings are empty in no time.