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Positive Six Month Outlook for World Economic Climate Index

Feb 13, 2013

Opportunities for Ireland As Global Sentiment Improves

ICC Ireland has today (13/02/13) said that the outlook for the global economic climate is positive according to the latest World Economic Survey, published today by the International Chamber of Commerce (ICC) and the Munich-based Institute for Economic Research (Ifo).

Speaking this morning, Ian Talbot, ICC Ireland Chairman said, “This survey shows that global sentiment has improved significantly with a 14% increase from 82.4 in the last survey to 94.1 this quarter. In particular, the Eurozone’s economic outlook is at its most positive in over two years.”

“As global confidence and economic conditions improve, the increasingly competitive and flexible Irish economy has a great opportunity to grow rapidly. With recent developments to ease the country’s bank debt and Standard and Poor’s upgrading of Ireland’s outlook to stable, the foundations are being laid for the Government to reach its target of making Ireland the best small country in the world in which to do business by 2016,” Talbot concluded.

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For further information contact Amy Woods, Chambers Ireland on 01 400 4319, 086 6081605 or email amy.woods@chambers.ie

Notes to Editor

About the World Economic Survey
The survey polled 1,169 economic experts from business and academic institutions in 124 countries to assess current and expected economic developments. Their answers were analyzed to reach a quarterly figure representative of the current global economic climate. The survey is carried out by the International Chamber of Commerce (ICC) and the Munich-based Institute for Economic Research (Ifo).

About the International Chamber of Commerce (ICC) in Ireland
Chambers Ireland is the official representative of the International Chamber of Commerce in Ireland. ICC is the largest, most representative business organisation in the world. Its hundreds of thousands of member companies in over 120 countries have interests spanning every sector of private enterprise.

A world network of national committees keeps the ICC International Secretariat in Paris informed about national and regional business priorities. More than 2,000 experts drawn from ICC’s member companies feed their knowledge and experience into crafting the ICC stance on specific business issues.

The United Nations, the World Trade Organisation, the G20 and many other intergovernmental bodies, both international and regional, are kept in touch with the views of international business through ICC.

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