The research is contained in the Grant Thornton International Business Report IBRwhich surveys trends in privately held businesses in 40 economies around the world.
Confidence levels over economic performance are higher in Latin America than any other part of the world as the region leads the way on business optimism into the New Year, according to the Grant Thornton International Business Report IBR.
However, Latin America has come a long way. If the economic story of the last decade was about the BRICs, these results suggest the next decade will be about Latin America.
It is also impossible to ignore the knock-on effects right across the region since Brazil won the right to host the World Cup and the Olympics.
These events will provide a real economic boost for all of Latin America and that has undoubtedly translated into a sense of confidence and optimism.
Diverging levels of business confidence across the region will put increasing strain on a Eurozone that has had a turbulent Maintaining a monetary union across nation states that are pulling in opposite directions will be increasingly difficult. The Eurozone seems likely to go through several years of tension and a period of persistent volatility in financial markets.
Governments in these economies need to create environments that encourage business investment, but with interest rates at historic lows in many mature economies they will need to be creative.
Some of this creativity might be directed towards the banks where lending activity to businesses in a number of economies has been low as they seek to rebuild their balance sheets in the wake of the financial crisis.Our insights address important issues for dynamic businesses from cyber resilience to BEPS and IFRS, as well as economic commentary via our International business report (IBR) research.
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The Grant Thornton International Business Report (IBR) is an international survey of the opinions of medium to large businesses, both privately-held and public. The Grant Thornton International Business Report (IBR), launched in initially in nine European countries, now provides insight into the views and expectations of more than 10, businesses per year across 37 economies.
Cost of cyber figure is calculated using IBR figures and World Bank GDP data, plus estimates of global business . Grant Thornton’s quarterly business survey of 2, businesses in 36 economies, the International Business Report (IBR), provides insight into the economic and commercial issues affecting medium to large businesses, both privately-held and public.