2nd Quarter 2024: Business Cycle Downturn After Brief Easing
14 Aug 2024 - Mitteilung
In the context of the uncertain global economic development and renewed fears of recession, Liechtenstein’s economy has weakened again after a gradual easing. The value of the KonSens business cycle index deteriorated noticeably again in the second quarter of 2024, from −0.2 to −1.2.
While employment and foreign goods trade showed a rather weak – but still fairly stable – development, the business survey data further deteriorated. The KonSens has now been in negative territory for ten quarters, which signals below-average quarterly growth in historical comparison.
