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Index – Economics – Oxford Economics: In the business world, serenity replaces the wine route

Index - Economics - Oxford Economics: In the business world, serenity replaces the wine route

2021.04.30. 21:19

Global players in the corporate sector are looking more optimistic, and business sentiment has improved, according to a quarterly survey by Oxford Economics. However, business concerns about the coronavirus pandemic remain understated; Several major companies say the global economic outlook remains vulnerable to downside risks, according to a report by one of London’s most well-known financial and economic analysts.

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The Organization for Economic Cooperation and Development proposes to rebuild the economy on new foundations

According to their forecasts, the global economy could grow by 5.6 percent this year after a 3.4 percent drop in GDP last year.

Oxford Economics examined the forecasts of 157 large companies. The companies included in the analysis together employ 6 million people and have a combined annual turnover of nearly $ 2000 billion.

According to the Council of Analysts, 70 percent of respondents see the global economic outlook as more optimistic than they were a month ago.

They added: Business morale has been improving steadily since December of last year, the Telegraph Office writes.

The report also indicated that 45% of respondents see moderate global economic risks and 4% view strong global economic risks.


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