3rd Quarter 2023: Economic Decline Has Slowed Down
16 Nov 2023 - News
The prolonged business cycle downturn of Liechtenstein’s economy has slowed down. The value of the business cycle index KonSens rose by about 0.6 index points to −0.4 in the 3rd quarter of 2023. While employment and business survey data have shown a mostly positive development, goods exports have continued to decrease.
For already seven quarters now the KonSens has been in negative territory, which signals quarterly economic growth below the historical average. This represents the longest period of consecutive negative KonSens values since the negative phase of 2001–2003.