Luxembourg's Cards and Payments Market 2014–2018: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
Like other EU countries, Luxembourg's economy was damaged by the 2009 global economic crisis. Following strong economic growth from 2004 onwards, Luxembourg's economic growth contracted by 5.6% in 2009, but recovered gradually from 2010 onwards. Economic turmoil in the global financial markets and lower demand during the peak of the recession prompted the government to inject capital into the financial services sector and implement stimulus measures to boost the economy.
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