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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.


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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