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Liechtenstein's Businesses Not Optimistic For The Future

by Ulrika Lomas, Tax-News.com, Brussels

20 November 2002

A poll recently conducted by Liechtenstein's Department of National Economy has revealed that athough many firms within the country's industrial and trade sectors believe that the economy has reached rock bottom, there appears to be no upturn on the horizon.

According to the Liechtensteiner Vaterland newspaper, which reported this week on the survey results, despite this, some 74% of those questioned descibed their situation during the July-September quarter as 'satisfactory', with a further 13% judging their position during the period in question as 'good', and 13% 'bad'.

The poll also showed the varying fortunes of different industry sectors, revealing that businesses within the non-metal sector judged the situation in a more positive light than those in the metal industry, and perhaps casting a spotlight on the effects of the US steel import tariffs on the world's metal producing and working industries.

According to the local news service, although expectations for the fourth quarter of this year varied among the businesses questioned: 'a striking improvement of the economic situation is not expected by any of them.'

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