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Luxembourg 7th most resilient economy in the world

19 Jun 2020 16:14 | Anonymous member (Administrator)

The 2020 FM Global Resilience Index analyses core drivers of enterprise resilience, with the objective of helping companies assess the capacity of different countries to withstand disruption and, in case an disruption occurs, recover strongly. The index can be used by business executives in order to find the information needed to manage the exposure their companies face around the world.

2020 FM Global Resilience Index - ranking

The importance of resilience has become very obvious during the on-going COVID-19 pandemic. “While pandemic risk is not explicitly measured in the index, the resilience of a country’s business environment is a reliable platform for businesses trying to rebound from the impact of the coronavirus,” says FM Global.

Luxembourg: a highly resilient economy

Luxembourg is ranked as the 7th most resilient economy among the 130 countries territories studied. The country slightly improves its overall score compared to the preceding year.

The country’s high ranking is in particular due to its strong economy, for which it ranks 3rd in the world. The index analyses political and macroeconomic influences on resilience and looks at productivity (for which Luxembourg is 2nd in the world), political risk (4th), oil intensity and urbanisation rate.

Luxembourg is in 18th place for risk quality, especially due to its low exposure to natural hazards. It ranks 26th for supply chain factors, where it stands out for its high control of corruption (6th in the world), the quality of its infrastructure (19th) and its supply chain visibility (33rd).

Source: https://www.investinluxembourg.ae/news/luxembourg-7th-most-resilient-economy-in-the-world/

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