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>The Corporate Economists Advisory Group analyses major international economic issues and advises the ICC Chairmanship.

Global economic index rises for first time since 2007

Paris, 19 May 2009

The world economic climate index rose in the second quarter of the year for the first time since 2007 as a result of more favourable expectations for the coming six months, but the assessment of the current economic situation worsened yet again, falling to a new record low, ICC and the Ifo Institute for Economic Research said in their latest survey.

ICC issues positions on global economic crisis
Paris, 13 March 2009 The global economic crisis does not stem from a failure of the market economy system nor does it call into question the system’s successful record in creating wealth and significantly raising global living standards, ICC said in a position paper on the current emergency.

Lowest global economic index in history
Paris, 18 February 2009 The world economic climate index fell for the sixth consecutive quarter, dropping 10 percentage points to reach its historically lowest level since the introduction of the World Economic Survey in 1981, according to the ICC and the Ifo Institute for Economic Research, who conduct the survey.

ICC experts discuss the financial crisis and its implications
Paris, 19 December 2008 The ICC Corporate Economists Advisory Group and Commission on Financial Services and Insurance held a joint meeting on 25 November to discuss the current financial crisis and its implications. The meeting brought together business experts who provided accounting, credit agency, industry and regulatory perspectives on how to restore confidence in global financial markets.

International cooperation vital to resolve financial crisis
Paris, 15 October 2008 Statement by the ICC Secretary General, Guy Sebban

Economists see more gloom for global economy, according to latest ICC/Ifo survey
Paris, 20 May 2008 Economists said global economic growth has slowed further since the beginning of the year and they expected growth to continue slackening over the coming six months, according to the last ICC/Ifo World Economic Survey released today

Economists see further decline in world economic climate
Paris, 20 February 2008 The global economy has worsened since the beginning of 2008 and will continue to decline in the next six months, according to the latest ICC/Ifo World Economic Survey, released today.