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The health of the world’s economy continues to deteriorate as insufficient demand, unemployment and the on-going debt crisis in Europe undermine recovery efforts, results of the ICC-Ifo World Economic Survey (WES), released today, revealed.
The global economic climate is at its brightest since 2007, but there may be trouble ahead, according to the latest quarterly World Economic Survey by the International Chamber of Commerce (ICC) and the Munich-based Ifo Institute for Economic Research, published today.
The world economic climate indicator has achieved a new high since 2007 levels, indicating that economic activity overall is picking up, according to the quarterly World Economic Survey, from the International Chamber of Commerce (ICC) and the Munich-based Ifo Institute for Economic Research, released today.
The world economic climate has worsened in the fourth quarter, as indicated by increasingly negative expectations from economic experts, according to the World Economic Survey (WES), published today by the International Chamber of Commerce (ICC) and the Munich-based Institute for Economic Research (Ifo).
The world economy continued its rebound from the worst recession in decades, according to the quarterly ICC/Ifo World Economic Survey released today. However, some regions, notably North America and Asia, saw slowing growth and there was a marked difference in growth prospects among regions.
Public deficits, a decrease in tax revenues and schemes to reduce government deficits and debt accumulation, could be detrimental to the strength and durability of the economic recovery, according to the quarterly ICC/Ifo World Economic Survey released today.
The World Economic Climate Indicator rose in the first quarter of the year for the fourth consecutive time due primarily to positive assessments of the current economic situation in Asia, but the expectation of a continued rise in unemployment, and other factors, raised concerns about the strength of the recovery.
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.
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.
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.
