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.
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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 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 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.
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.
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.
ICC Secretary General Guy Sebban discussed the third quarter findings of the ICC/Ifo World Economic Survey in two appearances last week on Bloomberg Television.
The global economy is expected to lose momentum in the last quarter of the year in all major regions, as predictions for the existing quarter and the coming six months are significantly revised downwards, according to the latest ICC/ Ifo World Economic Survey released today.