Mexican Media Brands
Global Business Confidence Sags to 5-Year Low
Business expects further global growth in the year ahead, but the proportion of companies who forecast expansion has dropped to the lowest ratio since 2009, according to the London-based Markit Global Business Outlook Survey.
#economics
Share
Business expects further global growth in the year ahead, but the proportion of companies who forecast expansion has dropped to the lowest ratio since 2009, according to the London-based Markit Global Business Outlook Survey.
"Clouds are gathering over the global economic outlook," cautions Markit Chief Economist Chris Williamson.
The report, which surveyed 6,100 companies worldwide, notes several worries that are denting business optimism. They include the threats of another downturn in the eurozone, Russia's uncertain economic future, rising interest rates and geopolitical risks.
Williamson says business leaders expect continued slow or even slower growth in emerging markets in 2015.
Markit also found an unexpected decline in optimism in the U.S., led by a "dramatic" drop within the service sector. Williamson opines that America's economic growth may have peaked last summer and appear likely to slow in coming months.
RELATED CONTENT
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.