Source : Grant Thornton
We have seen significant political change over the course of 2012, with presidential elections taking place in some of the largest economies in the world such as China, Egypt, France, Mexico, Russia and the United States. A recent agreement on a series of tax rises in the U.S. pulled the economy back from the brink of the ‘fiscal cliff’, but tough negotiations on the debt ceiling and spending cuts remain. Deliberations also continue in the Eurozone with the sovereign debt crisis still far from resolved. The recent round of elections in Japan needs to help recovery from the devastating tsunami and earthquake in 2011; however the economy has slipped back into recession.
Emerging economies are growing faster, but challenges remain. In China, the new leadership is focusing on avoiding the middle income trap which will mean sacrificing faster for more sustainable growth. Reforms to open up the Indian economy to foreign direct investment have met with stiff resistance and high inflation persists. Signs of reform in Russia are tepid and the government budget remains highly reliant on the price of oil and gas. Brazil has barely grown over the past 24 months, although interest and unemployment rates have dropped to record lows. The new administration in Mexico has targeted higher growth and greater security. Closer to home, maritime disputes are threatening to upset relations in Southeast Asia, whilst the legacy of the Arab Spring is still reverberating across the Middle East and North Africa.
With this backdrop, what do business leaders expect from 2013?
“The Global economy in 2013” gathers all Grant Thornton’s International Business Report (IBR) research conducted over the past 12 months, covering more than 12,000 businesses in 41 economies. The report provides insight into the expectations of business leaders this year in key areas. It also provides a snapshot of the hot topics we researched in 2012, including women in business, executive pay and the future of Europe.
Highlights within the report include:
– The past 12 months
– The year ahead
– Business confidence
– Business operations
– Investment
– Inflation
– Employment
– Access to finance
– Topical issues
Click here to read the full report.
For further information, please contact marketing@th.gt.com
To read more news releases/publications on our website, please visit www.grantthornton.co.thSource : Grant Thornton
We have seen significant political change over the course of 2012, with presidential elections taking place in some of the largest economies in the world such as China, Egypt, France, Mexico, Russia and the United States. A recent agreement on a series of tax rises in the U.S. pulled the economy back from the brink of the ‘fiscal cliff’, but tough negotiations on the debt ceiling and spending cuts remain. Deliberations also continue in the Eurozone with the sovereign debt crisis still far from resolved. The recent round of elections in Japan needs to help recovery from the devastating tsunami and earthquake in 2011; however the economy has slipped back into recession.
Emerging economies are growing faster, but challenges remain. In China, the new leadership is focusing on avoiding the middle income trap which will mean sacrificing faster for more sustainable growth. Reforms to open up the Indian economy to foreign direct investment have met with stiff resistance and high inflation persists. Signs of reform in Russia are tepid and the government budget remains highly reliant on the price of oil and gas. Brazil has barely grown over the past 24 months, although interest and unemployment rates have dropped to record lows. The new administration in Mexico has targeted higher growth and greater security. Closer to home, maritime disputes are threatening to upset relations in Southeast Asia, whilst the legacy of the Arab Spring is still reverberating across the Middle East and North Africa.
With this backdrop, what do business leaders expect from 2013?
“The Global economy in 2013” gathers all Grant Thornton’s International Business Report (IBR) research conducted over the past 12 months, covering more than 12,000 businesses in 41 economies. The report provides insight into the expectations of business leaders this year in key areas. It also provides a snapshot of the hot topics we researched in 2012, including women in business, executive pay and the future of Europe.
Highlights within the report include:
– The past 12 months
– The year ahead
– Business confidence
– Business operations
– Investment
– Inflation
– Employment
– Access to finance
– Topical issues
Click here to read the full report.
For further information, please contact marketing@th.gt.com
To read more news releases/publications on our website, please visit www.grantthornton.co.th