Trade and business services, the tourism and restaurant sector, and industry and construction

Economic outlook 2023–2024

In the Labour Institute for Economic Research LABORE sector forecast, the economic outlook for the main sectors of the private sector is examined for the years 2023 and 2024. Rapid inflation, interest rates deviating from zero for the first time in a long while, and uncertainty in the international economy have placed companies in a new kind of economic environment. An uncertain and subdued situation in export markets is hampering industry in particular, and a combination of many factors has led to difficulties in the construction sector. In some service sectors the outlook is brighter, but in others growth is being slowed by challenges facing client industries or by a weakening of consumer purchasing power. (AI translation)

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