Grant Thornton IBR Q3-2013 results
How optimistic are you for your economy over the next 12 months?
United States
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IBR 2013 global business confidence map

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IBR 2013 global business confidence map

  1. 1. Grant Thornton IBR Q3-2013 results How optimistic are you for your economy over the next 12 months? United States Business optimism remains robust at 52% despite continued partisan wrangling over the budget which led to a partial government shutdown. eurozone Confidence remains low, but Dutch (-14%), French (-17%) German (51%), Italian (-2%) and Spanish (-10%) businesses all registered increases in optimism from Q2. United Kingdom UK business leaders are now the fourth most optimistic globally; the net 76% figure is a record high, driven by a pick-up in the pace of the recovery. Russia Russian business optimism fell for the third straight quarter as economic growth and reform efforts continue to disappoint. China Having slipped to a record low in Q2, Chinese business optimism rebounded in Q3 following a raft of more positive economic data which suggests sustained growth. Japan Japanese business optimism fell back into negative territory again in Q3 as concerns rise about the effects of a planned rise in the consumption tax rate on renewed growth. 80 80 80 80 80 80 60 60 60 60 60 60 40 40 40 40 40 40 20 20 20 20 20 20 0 0 0 0 0 0 -20 -20 -20 -20 -20 -20 -40 -40 -40 -40 -40 -40 -60 -60 -60 -60 -60 -60 -80 -80 -80 -80 -80 2012- 2012- 2013- 2013- 2012- 2013- 2012- -80 2012- 2013- 2012- 2013- 2013- Key: A score above zero indicates net optimism 19 76 52 31 Global 8 80 -9 6 60 40 32 20 39 57 0 38 -20 -40 18 -60 23 -80 2012- 2013- Latin America Confidence in Latin America fell to its lowest since 2009, with all five economies posting declines and Brazilian business optimism dropping to a record low of 31%. South Africa Business optimism fell to a record low of 18% in Q3; one of the emerging markets to suffer as the US Federal Reserve looks to begin tapering asset purchases this year. Turkey Turkish business leaders are now at their least optimistic since 2009 as social unrest bubbles and investors fret about the reliance on foreign capital inflows. India Indian business optimism fell for a third straight quarter in Q3, dropping to a record low of 57% as slower growth and persistent inflation cloud the economic outlook. Australia The election of Tony Abbott came as Australian business optimism ticked back upwards, although it remains well short of pre-crisis levels. ASEAN Optimism in Southeast Asia climbed sharply in Q3, with the addition of optimistic Indonesia (56%) outweighing a drop in Thailand (-28%). 80 80 80 80 80 80 60 60 60 60 60 60 40 40 40 40 40 40 20 20 20 20 20 20 0 0 0 0 0 0 -20 -20 -20 -20 -20 -20 -40 -40 -40 -40 -40 -40 -60 -60 -60 -60 -60 -60 -80 -80 -80 2012- 2013- 2012- 2013- -80 2012- 2013- -80 -80 2012- 2013- 2012- 2013- 2012- To examine IBR results going back to 1992, use our data visualisation tool: https://dataviztool.internationalbusinessreport.com/ibr.html Sample: 3,300 mid-market business leaders interviewed in 45 economies Source: Grant Thornton IBR 2013 2013-

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