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60 November, 2020 Luxembourg Global: 18 Availability: 5 Cost: 71 Regulation: 14 Productivity: 36 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 40) Region: 12 Availability: 3 Cost: 37 Regulation: 10 Productivity: 14 Remote Readiness 1 Remote Readiness 1 $3.5 billion USD was spent on support measures in response to Covid-19 The key economic policies include: • Support for the self employed and micro businesses in a cash payment • State subsidy of wages • Enhancement of family leave and sick leave • Sector specific financial support for impacted businesses • Business incentives for training young workers https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Luxembourg is allowing EU citizens/residents and travellers from a selection of other countries to enter. For all other countries (including the US), a legitimate travel reason is required. Arrivals require a negative Covid-19 test result. Restrictions on non-essential shops, face masks are required in public. School for older students is divided between on-line and in-person classes. 5.2% 4.7% 0% 20% Luxembourg Regional Ave. % of GDP Luxembourg Q4 2019* Q4 2020* % Change YOY Total Workforce 307K 316K +2.9% Unemployment Rate (%) 5.3% 6.3% +19% Unemployed Workers 16K 20K +22% Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/ Eurostat