2nd Quarter 2023: Renewed Downturn Interrupts Recovery

21 Aug 2023 - News
The gradual upswing of the Liechtenstein economy beginning with the 4th quarter 2022 was abruptly interrupted in the 2nd quarter 2023. The main reason was the decreasing international demand. As a consequence, Liechtenstein’s goods exports even showed a pronounced decline compared with the 1st quarter.

Overall, the weaking international economic activity led to a decline in the KonSens value to –1.0 in the 2nd quarter 2023. The business cycle index KonSens is thus back to a clearly negative value, signaling quarterly economic growth below the historical average.