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World Economic Survey: Expectations for Recovery in the Eurozone Growing

Nov 13, 2013

The International Chamber of Commerce (ICC) Ireland has today (13/11/13) said that confidence in the Eurozone is growing markedly. While high unemployment and budget deficits remain challenging, the overall economic mood is becoming more positive.

Speaking this morning, Ian Talbot, ICC Ireland Secretary General said, “This is a good set of survey results from an Irish perspective. Six month expectations for the Eurozone are at their highest level for almost three years and experts are more confident about the economy for the next three to five years.”

“The Irish Government, along with their international partners, has an opportunity to capitalise on this positive mood when they meet at the World Trade Organization’s meeting of Ministers at Bali next month. There must be a concerted push to achieve further agreement on trade facilitation and liberalisation. Open markets and stable trading conditions can be the key to unlocking further economic progress and significant job growth.” he 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
Over 1,000 economic experts from business and academic institutions in 123 countries were surveyed 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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