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
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.