The document discusses opportunities and challenges in the global real estate and construction sector based on a survey of over 700 business leaders. Key points include:
- The sector outlook is brightening with expectations for profitability, jobs, and orders rising after being hit hard by the financial crisis.
- Optimism is highest in Southeast Asia, Latin America, and North America and lowest in Southern Europe and the Eurozone.
- Economic uncertainty remains the top business constraint globally, while regulations and red tape are bigger concerns in emerging markets.
The United Arab Emirates (UAE) is a rapidly developing economy with an approximate population of 8 million. Its GDP was estimated at US$390bn in 2013, making it the 29th largest economy in the world and the second largest in the Middle East. Its GDP per capita is approximately US$43,000, the 19th highest globally.
1. The global volume of net investable assets of high-net-worth individuals (HNWI+) will increase by around 25% to almost US$70 trillion by 2021.
2. Holistic wealth management will emerge as a new kind of digitalizedbusiness model. Holistic wealth managers are expected to gain a market share of 30% by 2025.
3. Wealth managers with traditional business models will largely disappear from the market as a result.
4. Traditional wealth managers located in or operating out of the United States are likely to survive in the international offshore business thanks to increasingly favorable conditions.
5. The service offering of wealth managers with an offshore business model will increasingly mirror that of onshore wealth managers.
The August 2018 Africa Market Update covers the economies of Ghana, Nigeria, Kenya, Tanzania, Uganda and Rwanda. With the Central Bank of Nigeria having defied our forecast for 2018, this issue delves into the dynamics underlying our prognosis and the recent signaling of imminent monetary policy contraction in the near future. Also in this issue, we share thoughts on Zimbabwe's path to economic recovery as the country enters a potentially fragile post-election phase following the July 30th, 2018 general election.
This report provides an overview of India hospitality industry- its characteristics, performance of industry, various classification of travelers, Porters Five Force Analysis, etc.
Regional Economic Outlook: Middle East and Central Asia UpdateRoozbeh Molavi
Growth for countries in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region has weakened but remains broadly stable in the Caucasus and Central Asia (CCA). Volatile oil prices, restrained oil production, and tighter domestic monetary conditions in most oil exporters add to headwinds from slowing global growth. Elevated public debt in oil importers limits capacity to address critical infrastructure and social needs, restrains growth, and leaves economies vulnerable to external shocks. A more challenging external environment increases the urgency across all regions of further growth-friendly fiscal consolidation and structural reform efforts to enhance resilience and deliver higher and more inclusive private-sector-led growth.
Exports increased 1.6% to a record $48.6 billion in April, the sixth increase over the past seven months. Higher
exports of metal and non-metallic mineral products, consumer goods and energy products were partially offset by
lower exports of aircraft and other transportation equipment and parts. Year over year, total exports rose 3.1%.
Exports of metal and non-metallic mineral products increased 9.1% to $5.8 billion in April. Following two
consecutive months of atypically low levels, exports of unwrought precious metals and precious metal alloys led the
increase for the section in April, up 25.3% to $1.6 billion. Contributing to the increase were higher sales of
unwrought gold to Hong Kong, following its refining in Canada. For the section as a whole, volumes rose 5.8%,
while prices were up 3.1%.
The United Arab Emirates (UAE) is a rapidly developing economy with an approximate population of 8 million. Its GDP was estimated at US$390bn in 2013, making it the 29th largest economy in the world and the second largest in the Middle East. Its GDP per capita is approximately US$43,000, the 19th highest globally.
1. The global volume of net investable assets of high-net-worth individuals (HNWI+) will increase by around 25% to almost US$70 trillion by 2021.
2. Holistic wealth management will emerge as a new kind of digitalizedbusiness model. Holistic wealth managers are expected to gain a market share of 30% by 2025.
3. Wealth managers with traditional business models will largely disappear from the market as a result.
4. Traditional wealth managers located in or operating out of the United States are likely to survive in the international offshore business thanks to increasingly favorable conditions.
5. The service offering of wealth managers with an offshore business model will increasingly mirror that of onshore wealth managers.
The August 2018 Africa Market Update covers the economies of Ghana, Nigeria, Kenya, Tanzania, Uganda and Rwanda. With the Central Bank of Nigeria having defied our forecast for 2018, this issue delves into the dynamics underlying our prognosis and the recent signaling of imminent monetary policy contraction in the near future. Also in this issue, we share thoughts on Zimbabwe's path to economic recovery as the country enters a potentially fragile post-election phase following the July 30th, 2018 general election.
This report provides an overview of India hospitality industry- its characteristics, performance of industry, various classification of travelers, Porters Five Force Analysis, etc.
Regional Economic Outlook: Middle East and Central Asia UpdateRoozbeh Molavi
Growth for countries in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region has weakened but remains broadly stable in the Caucasus and Central Asia (CCA). Volatile oil prices, restrained oil production, and tighter domestic monetary conditions in most oil exporters add to headwinds from slowing global growth. Elevated public debt in oil importers limits capacity to address critical infrastructure and social needs, restrains growth, and leaves economies vulnerable to external shocks. A more challenging external environment increases the urgency across all regions of further growth-friendly fiscal consolidation and structural reform efforts to enhance resilience and deliver higher and more inclusive private-sector-led growth.
Exports increased 1.6% to a record $48.6 billion in April, the sixth increase over the past seven months. Higher
exports of metal and non-metallic mineral products, consumer goods and energy products were partially offset by
lower exports of aircraft and other transportation equipment and parts. Year over year, total exports rose 3.1%.
Exports of metal and non-metallic mineral products increased 9.1% to $5.8 billion in April. Following two
consecutive months of atypically low levels, exports of unwrought precious metals and precious metal alloys led the
increase for the section in April, up 25.3% to $1.6 billion. Contributing to the increase were higher sales of
unwrought gold to Hong Kong, following its refining in Canada. For the section as a whole, volumes rose 5.8%,
while prices were up 3.1%.
White Star Capital Eastern US Venture Capital Landscape 2019White Star Capital
Following in the footsteps of the reports that we have published on Canada, UK, Germany, France, Japan, and South Korea, we are delighted to share our newest report covering the NYC and US East Coast Venture Capital ecosystem. This report focuses not only on NYC but also includes Boston, which has been a long term power in the East Coast’s VC ecosystem, as well as emerging states including Florida, Georgia, North Carolina, Virginia, and the District of Columbia, each of which have had at least two companies raise mega-rounds of $100m or more.
The current crisis is unprecedented in the sense that it has seriously impacted the liquidity, solvency and viability of a large number of businesses, all at the same time. The only way out of this crisis is to inflate a colossal bubble in asset prices, which is equally unprecedented. A global bubble will inflate in healthcare sector. far bigger and durable than the dotcom and subprime bubbles, as it deals with human lives directly. The politicians, bankers, investors, policy makers, administrators, businessmen, consumers et. al. who have spent weeks locked down in their houses fearing for their lives while watching the death statistics on media, would readily accept the need for much higher investment and spending on healthcare. In that sense, this bubble will be far more tangible, believable, acceptable and inflatable.
the rise of china - latin america perspectiveLuiz Calado
Organised by the Victoria Institure for Links with Latin America, the day-long seminar will discuss the remarkable growth in China’s global impact and how this is affecting policy directions and economic trends in Latin America and New Zealand. The seminar is supported by the New Zealand Ministry of Foreign Affairs and Trade, and the embassies of Argentina, Brazil, Chile and Mexico.
We are pleased to release the November 2018 Africa Market Update covering the economies of Zambia, Nigeria, Kenya, Tanzania, Uganda and Rwanda. This issue is significant for two reasons - one, with Nigeria's general election slated for February 19th, 2019, this issue delves deep in assessing the political risk profile and how the private sector perceives risk in view of the forthcoming poll. Two, November 2018 will be characterized by Monetary Policy Committee meetings in a number of economies in the region including Kenya, Nigeria and Zambia. As such, this issue takes a look at the underlying monetary environment especially with inflation and foreign exchange pressures surging across the region.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Over the last two decades, South Africa has made notable strides in moving away from the legacy of its apartheid
past and in consolidating the institutions and practices of democracy.
Doing Business, South Africa measures business regulations and their enforcement in 9 urban areas and 4 major ports.
Based on our scuttlebutt and feedback from industry sources and ground views of experts regarding the current state of affairs in India due to Coronavirus lockdown, We shall now present our thoughts on investment strategy for post lock down period.
2019 Election| World Economy| Slow Growth| Canada| July 2019paul young cpa, cga
This presentation will discuss issues facing the Canadian economy as it heads for slower economic growth.
World economies are facing difficulties due to many factors like Brexit or China/USA trade wars or Excessive Government Regulations or lack of investment infrastructure
Geopolitical events in Middle East, South Asia Sea, Government changes in UK, Australia, etc.
http://pwc.to/11CB1Xq
Dans son étude « Working Capital Survey 2013 », PwC montre que la performance BFR (Besoin en Fonds de Roulement, soit la trésorerie mobilisée par l’activité) des entreprises mondiales s'est dégradée de 2 % par rapport à l'année dernière. Seule exception, les sociétés européennes ont amélioré leur situation, démontrant une corrélation entre PIB et niveaux de BFR.
With momentum building towards the UN Climate Change Conference in Peru, new figures from IBR reveal that businesses leaders in emerging markets are more focused on the sustainability of their operations compared with peers in developed markets. In this short report Nathan Goode, global leader for energy & cleantech, calls for a change in the narrative around sustainability arguing that we need to start talking in language that resonates with businesses.
White Star Capital Eastern US Venture Capital Landscape 2019White Star Capital
Following in the footsteps of the reports that we have published on Canada, UK, Germany, France, Japan, and South Korea, we are delighted to share our newest report covering the NYC and US East Coast Venture Capital ecosystem. This report focuses not only on NYC but also includes Boston, which has been a long term power in the East Coast’s VC ecosystem, as well as emerging states including Florida, Georgia, North Carolina, Virginia, and the District of Columbia, each of which have had at least two companies raise mega-rounds of $100m or more.
The current crisis is unprecedented in the sense that it has seriously impacted the liquidity, solvency and viability of a large number of businesses, all at the same time. The only way out of this crisis is to inflate a colossal bubble in asset prices, which is equally unprecedented. A global bubble will inflate in healthcare sector. far bigger and durable than the dotcom and subprime bubbles, as it deals with human lives directly. The politicians, bankers, investors, policy makers, administrators, businessmen, consumers et. al. who have spent weeks locked down in their houses fearing for their lives while watching the death statistics on media, would readily accept the need for much higher investment and spending on healthcare. In that sense, this bubble will be far more tangible, believable, acceptable and inflatable.
the rise of china - latin america perspectiveLuiz Calado
Organised by the Victoria Institure for Links with Latin America, the day-long seminar will discuss the remarkable growth in China’s global impact and how this is affecting policy directions and economic trends in Latin America and New Zealand. The seminar is supported by the New Zealand Ministry of Foreign Affairs and Trade, and the embassies of Argentina, Brazil, Chile and Mexico.
We are pleased to release the November 2018 Africa Market Update covering the economies of Zambia, Nigeria, Kenya, Tanzania, Uganda and Rwanda. This issue is significant for two reasons - one, with Nigeria's general election slated for February 19th, 2019, this issue delves deep in assessing the political risk profile and how the private sector perceives risk in view of the forthcoming poll. Two, November 2018 will be characterized by Monetary Policy Committee meetings in a number of economies in the region including Kenya, Nigeria and Zambia. As such, this issue takes a look at the underlying monetary environment especially with inflation and foreign exchange pressures surging across the region.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Over the last two decades, South Africa has made notable strides in moving away from the legacy of its apartheid
past and in consolidating the institutions and practices of democracy.
Doing Business, South Africa measures business regulations and their enforcement in 9 urban areas and 4 major ports.
Based on our scuttlebutt and feedback from industry sources and ground views of experts regarding the current state of affairs in India due to Coronavirus lockdown, We shall now present our thoughts on investment strategy for post lock down period.
2019 Election| World Economy| Slow Growth| Canada| July 2019paul young cpa, cga
This presentation will discuss issues facing the Canadian economy as it heads for slower economic growth.
World economies are facing difficulties due to many factors like Brexit or China/USA trade wars or Excessive Government Regulations or lack of investment infrastructure
Geopolitical events in Middle East, South Asia Sea, Government changes in UK, Australia, etc.
http://pwc.to/11CB1Xq
Dans son étude « Working Capital Survey 2013 », PwC montre que la performance BFR (Besoin en Fonds de Roulement, soit la trésorerie mobilisée par l’activité) des entreprises mondiales s'est dégradée de 2 % par rapport à l'année dernière. Seule exception, les sociétés européennes ont amélioré leur situation, démontrant une corrélation entre PIB et niveaux de BFR.
With momentum building towards the UN Climate Change Conference in Peru, new figures from IBR reveal that businesses leaders in emerging markets are more focused on the sustainability of their operations compared with peers in developed markets. In this short report Nathan Goode, global leader for energy & cleantech, calls for a change in the narrative around sustainability arguing that we need to start talking in language that resonates with businesses.
Companies are facing a proliferation of transfer pricing documentation demands. While the new requirements set out in the OECD’s Base Erosion Profit Shifting (BEPS) Action Plan will raise the bar still further, they could also provide the catalyst for the development of a more sustainable approach. http://bit.ly/1htg32Z
Microclimates of opportunity - Real estate & construction report 2014Misbah Hussain
This report draws on more than 700 interviews with business leaders in 45 economies to understand how the real estate & construction sector is recovering from the financial crisis, where the opportunities lie and what businesses are doing to keep their operations running
smoothly and free from fraud.
The outlook for the global economy is positive with broad-based growth resulting in world GDP surpassing US$80.0 trillion in 2018, for the first time. These insights from our expert analysts cover economy, finance and trade; cities; business dynamics; industrial; and natural resources.
www.pwc.comhrsA look at the key workforce trends from a.docxericbrooks84875
www.pwc.com/hrs
A look at the key workforce
trends from around
the world using data
from PwC’s Saratoga
benchmarking database.
Key trends in
human capital 2012
A global perspective
2 Key trends in human capital 2012. A global perspective
About PwC Saratoga
PwC Saratoga is the recognised leader in the
measurement and benchmarking of human capital in
organisations, HR and finance function performance
and transformation. Our specialists help clients to
develop predictive analytics capability by identifying
connections between HR, people, functional and
organisational performance, using a range of
quantitative and qualitative tools. This is supported
by a global repository of metrics and qualitative best
practice information from more
than 2,400 organisations.
3Key trends in human capital 2012. A global perspective
Introduction 4
Global trends in human capital 6
A multi-speed global economy 8
Productivity gaps widen 12
A rocky road for rookies 16
Survivors disengaged 20
HR rising to the analytics challenge 25
Priorities for business 32
In conclusion 34
Behind the numbers 36
Contacts 37
Related PwC publications 38
Contents
4 Key trends in human capital 2012. A global perspective
Introduction
Welcome to the latest in PwC’s detailed studies of
Global Trends in Human Capital. In this fifth edition we
look more closely at how organisations and the global
workforce have been changed by the financial crisis
and economic downturn.
5
Our 2010 Global Trends paper was written
at a time of considerable upheaval, with
many organisations cutting back sharply
on costs and headcount as the recession
took hold. Two years on, business leaders
are more confident about the prospects
for growth, in spite of continued economic
turmoil. While competition is intense,
many organisations are emerging leaner
and more focused. The mantra is to
maximise return on investment (ROI)
in every area of the business, especially
human capital.
It’s all about talent management
In this quest for growth, talent
management remains a primary focus
area for business leaders. According to
our 15th Annual Global CEO Survey, 78%
of CEOs plan to make changes to talent
strategy in response to the global business
environment. There is a clear need for
professional skills and effective leadership
to operate in challenging markets, while
emerging markets require the talent to
deliver continued growth. But only 30%
of CEOs said they were confident that they
would have the talent they needed to grow
their organisation in the near future, and
31% said that talent constraints had already
hampered innovation at their organisation.
In such an environment, knowledge and
insight – in the form of human capital data
– is power. Human capital measurement
and analytics has progressed far in recent
years, evolving from the collection and
redistribution of basic workforce data
through HR systems to a more thoughtful
and .
Deloitte India: The beginning of new M&A sessionaakash malhotra
Learn about the changes that mergers and acquisitions are undergoing in the present era with Deloitte India. See More : https://www2.deloitte.com/ie/en/pages/finance/articles/the-beginning-of-a-new-MA-season.html
Dejo esto por aquí.
Principales tendencias en el mundo de los negocios y macro económicas para este 2018, así como de las principales categorías de compra.
Las principales tecnologías de vanguardia que afectarán el proceso de compras y su importancia de dicha función en la empresa.
What do the next 12 months hold in store for your economy? The global economy in 2014 draws together data and insight from the Grant Thornton IBR, the EIU and the IMF to highlight emerging economic trends and business growth prospects for the year ahead.
Peru is a rapidly developing economy of more than 30 million people. In 2012, its GDP was approximately US$200 billion, making it the 50th largest economy in the world and seventh largest in Latin America. This this short report considers the outlook for the economy, including the expectations of 200 businesses interviewed in Peru, and more than 12,500 globally, over the past 12 months.
Quarterly report Q1 perspectives global and spanish economy January 2019Círculo de Empresarios
.Overview of the economic situation Q1-2019
Despite being in a favourable economic cycle (global growth still above 3%), GDP estimates are being revised downwards (IMF, OECD, European Commission, etc.).
The striking main causes: economic cycle phase change, trade slowdown, Trump’s protectionism, monetary policy normalisation, political tensions stemming from populism (Brexit, Italy, etc.) and worse economic expectations in China and Germany.
The growth of world GDP exhibits less synchronisation than in January 2018. In advanced economies, the US expands at rates above 2%, supported by fiscal stimuli and an unemployment rate at record lows. In contrast, the EU loses strength due to the uncertainty associated with Brexit & Italy and the consequences of the trade war having a greater impact on the German external sector.
In emerging markets, on the one hand, given their high levels of debt, the evolution of their growth and inflation rates depend on the rise in US interest rates and the unfolding of oil prices. On the other hand, the financial instability resulting from the near end of the economic cycle and lower prospects for the growth in corporate profits in 2019 worry the financial markets, manifested through an increase in volatility.
Résultats de la 19 ème enquête mondiale sur les tendances de l'emploi réalisée auprès des clients du réseau de Cabinets de Recrutements Antal International
Drawing on data and insight from the Grant Thornton International Business Report (IBR), the Grant Thornton Global Dynamism Index (GDI), the Economist Intelligence Unit (EIU) and the International Monetary Fund (IMF), this short report considers the outlook for
Latin America in 2014.
Entrepreneurship: Flourishing in tough conditionsRegus
Given the key importance of entrepreneurship within the economy and even inside single businesses, Regus commissioned research canvassing the opinions of over 19,000 business managers and owners globally asking them about the state of entrepreneurship in their sector and which measures help boost innovation.
Ey profit warning stress index q3 2018 7Robert Hussey
For those looking at a UK listing – this is a very insightful piece of research based on EY’s Profits Warning Stress Index. In Q3 2018, the market has experienced the highest average share price fall since the financial crisis. 206 earnings downgrades in the first nine months of the year. The Consumer sectors are dominating these earnings downgrades but with domestic and global uncertainty, we are seeing signs of contraction spreading wider a field (industrial and finance sectors). If one combines this with the number of recent IPO’s either being pulled or priced at the lower of the range, a cautionary picture in certainly painted.
2017 Global Economic Outlook by Dun & BradstreetDun & Bradstreet
Learn from Dun & Bradstreet’s economists as they share our 2017 global economic outlook. Discover the top five economic game changers, take a look at the short-term economic outlook and view deep-dive analyses on featured countries.
Similar to Microclimates of opportunity (IBR 2014) (20)
Companies are increasingly focused on high-quality strategic transactions, with less time spent on investigating peripheral opportunities, according to our annual tracker of business leader M&A intentions.
This report draws on over 10,000 interviews with business leaders as well as economic forecast data to better understand the growth opportunities and challenges facing dynamic companies over the next 12 months.
Investor calls for transparency and the rise of social media have thrust the impact businesses have on the economy, the environment and society more firmly into the spotlight. Drawing on more than 2,500 interviews with business leaders in 34 economies, Corporate Social Responsibility: beyond financials, looks at how companies are responding to this challenge; how they are making their operations more sustainable and what role they feel integrated reporting can play.
Tax management within multinational enterprises (MNEs) has never been more challenging. 'Getting to grips with the BEPS Action Plan' is the latest Grant Thornton report exploring the OECD’s planned overhaul of the international tax system, what it means for businesses and how they can prepare.
Many charities consider social media a key channel to deliver their communications and fundraising goals, although few incorporate it into their core strategy – a problem exacerbated by the social media knowledge gap at senior levels in charities worldwide.
Drawing on interviews with international charity leaders and Grant Thornton Not for Profit specialists, this report provides charity leaders with guidance on how they can enable their charity to take advantage of social media’s power to engage new communities and to thrive online.
Key findings
• Strategy: Organisational strategy should drive social media use, the board must help formulate this from a position of knowledge.
• Governance: The social media governance approach and guidelines should be shared with everyone in the organisation.
• Education and training: Formal education should be used at every level. Internal social networks can help people gain knowledge of social media.
• Risk: Social media non-engagement is a risk in itself, although costs must be weighed against benefits.
• Impact: It is vital to measure social media outcomes to justify investment; metrics should be linked to a strategic goal and monitored.
Read more here: bit.ly/1otFEJR
New research from the Grant Thornton International Business Report (IBR) has found that Brazilian business enthusiasm for hosting the tournament has plummeted over the past two years. However, while few business leaders predict increased investment or increased profits as a result of Brazil hosting the competition, there is hope that infrastructure improvements and a greater influx of tourists will prove enduring legacies. For more information please visit http://bit.ly/1kZr9tB
This outsourcing report looks at the trends driving, and barriers to, outsourcing adoption in 45 economies across the globe.
Why and what functions are businesses outsourcing? What is preventing businesses from outsourcing? And how can these obstacles be overcome?
This expatriate tax guide has been designed to provide an overview of the different tax systems around the globe and gives further information about tax systems and regulations in specific countries, http://bit.ly/1hkrB4r.
Organisations that send their greatest assets – their people – overseas to work can face certain tax burdens. Working overseas offers an opportunity for business and personal growth. However, employers have to make sure that remuneration is competitive and that tax, social security and pension issues associated with relocation are addressed.
Working with both companies and individuals and using our global network of specialists, we can advise on the pitfalls associated with working abroad and make sure that appropriate pre-assignment planning opportunities are implemented effectively to minimise the tax burden for both parties. Our tax specialists across the network work together on complex multi-jurisdictional issues to help employers to adopt a consistent and transparent approach to their expatriate assignments. This ensures that their employees are treated fairly and are clear about the terms of their relocation package.
24%: that is the proportion of women holding the most senior roles in businesses across the globe. We have been tracking this figure over the past decade and are sorry to report there has been no significant movement. In fact, this figure is exactly the same as 2007, 2009 and 2013, suggesting that women’s ascent up the corporate ladder has returned to its ‘natural level’ following the financial crisis, during which women were disproportionately hit.
Drawing on data sources such as the Grant Thornton IBR, the EIU and the IMF, this short report considers the outlook for the economy, including the expectations of 200
businesses interviewed in Finland, and more than 12,500 globally, over the past 12 months.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
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Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
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Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
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Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
2. 31%Asia Pacific
42%
Nordic
48%Eastern Europe
33%European Union -9%Southern
Europe
78%Southeast Asia
60%Latin America
56%North America
42%
Global
83%South Africa
2
This report draws on more than 700 interviews with business leaders
in 45 economies to understand how the real estate & construction
sector is recovering from the financial crisis, where the opportunities
lie and what businesses are doing to keep their operations running
smoothly and free from fraud.
Introduction
Microclimates of opportunity: Real estate & construction report 2014
Net percentage of real estate & construction businesses
optimistic for their sector (next 12 months)
Use tried and
tested ‘supply and
demand’ theories
from economics
to determine the
viability of projects
and investment
Fraud is still
rife in construction
globally and now is the
time to make sure
your business has
adequate controls
to manage risk
Problematic
economies of the
last few years may
become opportunities
of the future
Source: Grant Thornton IBR 2014
Focused
investment is
crucial to businesses
looking beyond
short term survival,
to long term
sustained growth
3. Foreword
House prices are climbing in key markets
such as the UK and the US, contributing
to the ‘wealth effect’ which boosts the
consumption patterns of homeowners,
although the market is in no way uniform.
Instead we find pockets of opportunity;
where money seems to be channelled into
cities and regions, rather than countries.
In economies that suffered badly in the
recession, such as Spain and Ireland,
certain areas are becoming attractive
again. In Spain, house prices are still some
30% below their 2007 peak and some half
a million homes remain unoccupied, but
developers have moved back in to some
key areas around Madrid. The fall in
Ireland was even more pronounced with
houses losing some 50% of their value.
House prices rose by 6.4% in 2013, but
strip out Dublin and the improvement
was negligible.
In China, house prices rose by as
much as 25% in 2013 in first-tier cities
such as Beijing, Shanghai, Shenzhen and
Guangzhou. A number of measures,
such as raising second home deposit levels,
boosting the supply of affordable housing,
introducing property-taxation and making
it harder for non-residents to buy, have
been introduced to cool the market.
Major sporting events also offer
opportunity. As Brazil prepares for the
FIFA World Cup this summer and the
Olympic Games in 2016, the government
is attempting to modernise local
infrastructure and has successfully
auctioned off several airports which
badly need modernisation and capacity
upgrades. Business leaders in emerging
economies continue to grapple with
substandard transport infrastructure
and the hope is that investments in
Brazil, as well as in Russia and Qatar,
will benefit these economies more widely.
Signs of increasing activity in the
sector are a strong indicator that the
global recovery is gaining momentum,
although, it would not take much to
destabilise the improvements. As cities
rather than countries seem to be the focus
Microclimates of opportunity: Real estate & construction report 2014
for investors and businesses alike, this
can also mean distorted values in a small
area, with the risk of some potential
future realignment.
The signs are pointing in the right
direction and even countries that have
been through a torrid time are beginning
to attract investment again.
Real estate & construction
businesses have been in ‘wait
and see’ mode for a long time.
But now the market is moving
in the right direction, they need
to identify the microclimates
of opportunity, incentivise their
key people and make sure that
the right controls are in place
so that governance issues do not
stifle their next phase of growth.
The real estate & construction sector outlook is brightening. Developers,
property companies, investors and homeowners suffered disproportionately
during the financial crisis, but now expectations for profitability, jobs and
orders are all on the rise.
3
Clare Hartnell
Global leader – Real estate & construction
Grant Thornton
4. 54
50
43 43
38
34 33 31
19
4
There is clear optimism in the outlook for the real estate & construction sector in 2014; net 42% of
business leaders express confidence, compared to just 27% when asked about the broader economic
outlook. Business leaders in southeast Asia (78%), Latin America (60%) and North America (56%)
are the most optimistic and those in the eurozone (19%), and especially in southern Europe (-9%),
the least. The BRIC economies (45%) are slightly more optimistic than peers in the G7 (39%).
Business growth prospects
Business leaders in the sector are markedly
more optimistic about expanding their
operations in 2014 compared with this
time last year. Net 46% of businesses
expect to increase revenues over the next
12 months, and while this is below the
all-sector average (52%), it represents
an eight percentage point year-on-year
increase. Similarly, profitability
expectations for the sector globally have
risen to 38%, up from 33% last year.
Businesses in southeast Asia are most
confident about increasing revenues
(64%) and profits (54%) over the next
12 months, followed closely by North
America where at least half of businesses
expect to raise revenues (53%) and profits
(50%). Businesses in Latin America,
buoyed by the construction work in Brazil
ahead of the World Cup and the Olympics
also expect to see revenues climb (57%).
Profitability (31%) remains slightly more
elusive however, which perhaps ties into
local currency volatility and government
intervention, especially in Argentina
and Brazil.
Across Asia Pacific, growth is being
driven by businesses in emerging
economies which are more than twice
as confident about raising profits (43%)
as their peers in more advanced economies
(19%). Understandably Europe remains
more subdued, but across the EU, 39%
and 33% expect revenues and profits
to rise respectively; the UK & Ireland
is the most buoyant sub-region in
Europe, followed by the Nordics,
with southern Europe at the opposite
end of the spectrum.
Investment is crucial to businesses
looking beyond short term survival,
to long term sustained growth.
Businesses in Latin America (38%)
and North America (36%) are most
likely to increase investment in plant
& machinery over the next 12 months.
Europe is not far behind (31%) with
businesses in the Baltics, UK & Ireland
and southern Europe all expecting
to make significant investments.
Businesses in emerging Asia Pacific
economies (29%) are slightly more likely
to increase spend on plant and machinery
compared with peers in the developed
regional economies (22%).
Southeast
Asia
North
America
Emerging
Asia Pacific
Nordic Global Asia Pacific Europe Latin
America
Developed
Asia Pacific
Source: Grant Thornton IBR 2014
Net percentage of sector businesses expecting to see profits rise in 2014
Microclimates of opportunity: Real estate & construction report 2014
5. 38% 37% 35% 33%
30% 30% 29% 29%
Latin Southeast
38% 37% 35%
30% 30%
20% 10%
29%
38% 37% 35% 3
30% 30% 29% 2
38% 37% 35% 33%
30% 30%
20% 10%
29% 29%
Latin NortEmerging
Southeast
38% 37% 35% 33%
30% 30%
20% 10%
29% 29%38% 37% 35% 33%
30% 30%
20% 10%
29% 29%Latin
America
Global Nor
North
America
Emerging
Asia-Pacific Asia-Pacific
Southeast
Asia
38% 37% 35% 33%
30% 30%
20% 10%
29% 29%
38% 37% 35% 33%
30% 30%
20% 10%
29% 29%
Latin
America North
America
Emerging
Asia-Pacific Asia-Pacific
Southeast
Asia
38% 37% 35% 33%
30% 30%
20% 10%
29% 29%
Latin
America North
America
Emerging
Asia-Pacific Asia-Pacific
Southeast
Asia
38% 37% 35% 33%
30% 30%
20% 10%
29% 29%
5
The real estate & construction labour market has held up well considering the devastating impact of
the financial crisis. A majority of businesses shed workers in 2010 but hiring patterns have improved
since and 22% of sector businesses took on new workers last year, the same as the all-sector average.
Improvements in labour markets tend
to lag recoveries as businesses work off
excess capacity and wait for uncertainty
to subside before hiring new people. So
it is reassuring to see that 30% of sector
businesses globally expect to hire workers
in 2014, marginally above the all-sector
average. Businesses in the emerging
markets of Latin America (38%) and Asia
Pacific (33%) are most likely to take on
extra people, with North America (30%)
and the Nordics (29%) not far behind.
Elsewhere in Europe the situation remains
nuanced with UK & Ireland businesses
particularly bullish about taking on new
workers while those in southern Europe
still expect their labour forces to contract
in 2014.
Globally, 66% of businesses in the
real estate & construction sector expect to
offer pay rises to their employees in 2014,
only marginally below the all-sector
average. Workers in North America are
most likely to get a pay rise over the next
The labour market
Source: Grant Thornton IBR 2014
Net percentage of sector businesses
expecting to hire workers in 2014
12 months: with 86% of businesses
expecting to raise salaries. This is slightly
above Latin America (81%) where
inflation rates are running much faster.
In the EU, employees in 68% of businesses
can expect salary rises in 2014, rising to
81% in the Nordics. By contrast, just 48%
of businesses in Asia Pacific plan to raise
wages, with those in emerging economies
(53%) slightly more hopeful than peers
in developed economies (38%).
Interestingly, this paucity of wage
rises in Asia Pacific is not being driven
by oversupply of skilled labour in the
sector. More than two in five businesses
across the region are struggling with
a lack of talent (43%), compared to
around one in three across the globe
(35%). North America (37%) and Latin
America (35%) also cite a lack of skilled
workers as a constraint on growth, but
Europe, where unemployment rates are
at record highs, remains relatively
untroubled (17%).
Microclimates of opportunity: Real estate & construction report 2014
North America
European
Union
Eurozone
Global
Developed
Asia Pacific
Asia Pacific
Southeast Asia
Emerging
Asia Pacific
Nordic
Latin America
6. 47
59
50
47
47
Developed Asia Pacific
Emerging Asia Pacific
Eurozone
Latin America
Global average
55
53
38
37
Developed Asia Pacific
Emerging Asia Pacific
Eurozone
Global average
41
32
29
25
Global average
Emerging Asia Pacific
Europe
Asia-Pacific
46
40
37
35
35
Global average
Developed Asia Pacific
Emerging Asia Pacific
North America
Latin America
53
53
38 Emerging Asia Pacific
Global average
Latin America
47
59
50
47
47
Developed Asia Pacific
Emerging Asia Pacific
Eurozone
Latin America
Global average
55
53
38
37
Developed Asia Pacific
Emerging Asia Pacific
Eurozone
Global average
41
32
29
25
Global average
Emerging Asia Pacific
Europe
Asia-Pacific
46
40
37
35
35
Global average
Developed Asia Pacific
Emerging Asia Pacific
North America
Latin America
53
53
38 Emerging Asia Pacific
Global average
Latin America
6
With the global recovery still tepid, the eurozone crisis still far from resolved and tapering in
the US adding to emerging market volatility, it is perhaps no surprise that economic uncertainty
is the chief concern of business leaders in the real estate & construction sector.
Almost half of sector businesses cite
uncertainty as a constraint on growth
plans over the next 12 months, slightly
above the all-sector average (42%). This
concern is highest in Asia Pacific (54%)
where developers may well be nervous
about efforts by the Chinese Government
to cool the housing market and slow
investment. In Europe, 47% of business
leaders in the eurozone cite uncertainty,
a figure driven up by Southern Europe.
However, businesses leaders in the
Nordics and UK & Ireland are relatively
unconcerned, especially in comparison
to their peers across the Atlantic in
North America (41%).
Bureaucracy is the second biggest
concern for businesses in the sector.
With health and safety measures ever
more keenly implemented and planning
limitations in many economies, especially
on greenfield sites, 38% of sector leaders
cite regulations and red tape as a constraint
on growth, again slightly above the
all-sector average (34%). Businesses
in emerging markets tend to rank
bureaucracy issues much higher: 53%
of sector business leaders in both Latin
America and emerging Asia Pacific cite
regulations and red tape as a constraint
on growth. This compares to 34% in
developed Asia Pacific, 30% in North
America and 29% in the EU.
More than a third of business leaders
pinpoint a lack of demand (37%) as a
concern for their expansion plans in 2014,
although this is down from more than a
half in 2010 (51%). This is a particular
problem across Asia Pacific (53%) and is
driven largely by China (incl. Hong Kong)
and Australasia. Businesses in Europe
(35%) are less concerned, although this
rises sharply in southern Europe, while
peers in North America (23%) and Latin
America (16%) have comparatively few
demand concerns in 2014.
Business growth constraints
*only those regions with results above the Global average listed
Percentage of sector businesses citing issues
as a constraint on potential expansion*
Economic uncertainty
Low demand
Regulations and red tape
Lack of skilled workers
Source: Grant Thornton IBR 2014
Microclimates of opportunity: Real estate & construction report 2014
7. 7
Fraud can take many forms and a recent Grant Thornton report1
suggested that such practices could account
for as much as 10% of global sector revenues. Fraud could be costing the sector almost US$1 trillion, rising
to US$1.5 trillion by 2025. The IBR results show that while good governance practices to prevent fraud are
more common in developed markets, there is an interesting split across the Atlantic with North American
businesses far more active in this area than peers in Europe.
Fraud and compliance
Globally, just 41% of real estate &
construction businesses globally have
measures in place to accommodate
potential ‘whistleblowers’. And there are
some huge regional differences: 70% of
North American businesses have such
measures in place and 53% do across the
G7. However, this drops to just 23% in
Europe with even the Nordic nations,
who are generally ahead of the curve on
governance issues, only level with the
global average. The Europe result is lower
even than the Latin America average
(28%). Whistleblowing measures
are particularly uncommon
in eastern and southern Europe.
A higher proportion of real estate
& construction businesses around
the world (57%) have a compliance and
ethics programme in place which includes
regular testing of internal controls. Again,
North American businesses are most
active: just over three-quarters have a
programme in place (76%). This compares
to 51% in Asia Pacific - rising to 76% in
southeast Asia. Europe is slightly lower
(45%) with the Nordics (62%) leading
the way.
There are also some interesting regional
variations around conflicts of interest
(where professional judgement with
regard to a particular issue could
be unduly influenced by interest
in a second issue, for example
financial gain or personal
relationships). Just over a third of
real estate & construction businesses
around the world (38%) have implemented
a specific programme to define and
monitor conflicts of interest. More than
half of North American businesses (53%)
employ this type of programme, well
above Asia Pacific (39%), Latin America
(23%) and Europe (21%).
1
Time for a new direction – Fighting fraud in Construction Source: Grant Thornton IBR 2014
Percentage of businesses with specific governance structures
around whistleblowing, ethics and compliance and conflicts of interest
Whistleblowing
Ethics and compliance
Conflicts of interest
North America
Latin America
Europe
Nordic
Southeast Asia
Asia Pacific
Global
Microclimates of opportunity: Real estate & construction report 2014
28%
23%
45%
41%
62%
46%
76%
31%
51%
39%
56%
41%
57%
38%
26%
70%
76%
53%
43%
23%
21%