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The future of the Internet is everyone’s concern. As a gateway to abundant resources that can help raise global living standards, the continued evolution and success of the Internet is essential. This was the message delivered today by business leaders to the UN-linked Internet Governance Forum (IGF), taking place in Sharm el-Sheikh, Egypt.
The global economy is still on shaky ground, and despite budding signs of recovery, evidence is not strong enough to conclude that the current recession is waning, according to an ICC report on trade finance released today.
The world economic climate index rose significantly in the third quarter, its second consecutive increase resulting mainly from favourable future economic expectations but also from a slight improvement in the global economy.
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.
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.
Yet again, ICC must register its disappointment and concern that publicly-stated goals for the Doha Round trade negotiations agreed by countries at heads of government level fail to be translated into reality.
The world economic climate index, compiled by ICC and the Ifo Institute for Economic Research, has dropped for the fifth consecutive quarter in a row, hitting its lowest level since 1988.
The ICC/Ifo global climate index in July fell for the fourth consecutive quarter in a row since sentiment became downbeat last summer, recording its lowest level since 2001.
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 worldwide say that a one day “blackout” of the Internet would have a major impact on the global economy, according to a survey conducted by ICC and the Ifo Institute for Economic Research and released today.
