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The International Chamber of Commerce (ICC) has hailed today’s historic agreement at the 9th World Trade Organization (WTO) Ministerial Conference in Bali as a result that will not only restore confidence in the multilateral trading system but also generate a much needed stimulus of $US1 trillion and 21 million jobs to the world economy.
The world’s economic climate is brightening, restoring hopes for global recovery after a cautious third quarter, reveals a World Economic Survey published today by the International Chamber of Commerce (ICC) and the Munich-based economic research institute Ifo.
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 International Chamber of Commerce (ICC) strongly supports a call from the World Trade Organization (WTO) for a breakthrough in the Doha Round of talks in April if these crucial negotiations for lowering trade barriers are to be concluded this year.
In the run-up to the G20 Summit of world leaders in Seoul next month, the International Chamber of Commerce (ICC) has become increasingly concerned by international economic frictions over “currency wars” as several nations have accused each other of manipulating exchange rates in order to gain competitive advantage for their exports.
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.
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.
The global economy is set to expand in the second half of the year in all major regions, as expectations for the current quarter and the next six months are revised upwards, according to the latest ICC and Ifo World Economic Survey released today.
ICC very much regrets what appears to be a further setback to the Doha round of world trade negotiations, which we consider to be of major importance to the future health of the world economy.
The outlook for the global economy has turned rosier: economists’ assessments this quarter have improved from the fourth quarter 2006, according to the latest ICC/Ifo World Economic Survey, released today.
