Brunhart, Andreas; Geiger, Martin; Hasler, Elias (2026): Geopolitische Verwerfungen und Unsicherheit: Die konjunkturelle Resilienz Liechtensteins. LI Focus 1/2026. Gamprin-Bendern: Liechtenstein-Institut.

Geopolitical disruptions and the associated economic policy uncertainty hit Liechtenstein earlier and harder than its larger neighbors. While its Gross Domestic Product reacts very sensitively to such turning points in a European comparison, the domestic labor market proves to be remarkably resilient. This LI Focus analyzes the channels of impact and demonstrates why agility and financial buffers remain central pillars of Liechtenstein’s resilience.