The following is excerpted from a 15 November 2012 article by the International Chamber of Commerce.
The health of the world’s economy continues to deteriorate as insufficient demand, unemployment and the on-going debt crisis in Europe undermine recovery efforts, results of the ICC-Ifo World Economic Survey (WES), released today, revealed.
Based on the findings from the survey, which assessed the views of 1,156 experts in 124 countries across the globe, the World Economic Climate Indicator fell for the second consecutive quarter, dropping from 85.1 to 82.4 in Q4. Although the dip is less pronounced than in the previous quarter, it nonetheless reveals that the hopes of an economic recovery seen in Q2, when the climate indicator stood at 95, have suffered a further setback.
This article is available in its entirety at:
http://www.iccwbo.org/News/Articles/2012/World-economic-climate-continues-to-decline,-according-to-latest-ICC/Ifo-survey/