“The Global Economic Survey (GECS) Report for the third quarter of 2015 shows business confidence falling sharply, to its lowest point in almost four years. Across the world, 46% of respondents said they were generally less confident than three months earlier, outnumbering those who had become more upbeat by more two to one” – the Global Economic Conditions Survey Report: Q3, 2015 made by ACCA. The financial CEOs affiliated with ACCA believe that now is not a good time to develop one’s businesses and investing.
However, according to Daniel Thorniley, expert analyzing economic trends for the largest global corporations is much more optimistic for our region. Thorniley during the visit at the European CFO Summit conference on 19.11.2015 in Warsaw said that in contrast to the background global economy, situation in Poland, the Czech Republic, Slovakia and Hungary will be significantly better than in other developing economies.
During the conference Thorniley, mentioning our strong SME sector and rising number of family firms which make foreign investors more and more interested in Polish market, summed up that Poland has a lot to offer.
GDP growths in the region are twice higher than in Western Europe. In Q3 the Czech Republic grew by 4.3 percent, Romania and Slovakia- 3.6 percent. Polish GDP grew by 3.4 percent and Hungary by 2.3 percent. In accordance with forecasts of the World Bank, countries in the Central Europe will reach in this year 3.3 percent GDP growth. It is much more than in the developing countries of Latin America. Venezuela for example may note this year 10 percent decline of GDP.
Particularly worse forecast awaits for the countries of the old EU, especially the euro area as confirms the Global Economic Conditions Survey by ACCA, which showed steady improve since 2012. The value however, had reached the 0 point in Q2 and only three months later fell to minus 25 points.
accaglobal.com
