Six Month Outlook for World Economic Climate Improves Again

May 15, 2013

The International Chamber of Commerce (ICC) Ireland has today (15/05/13) said that the outlook for the global economic climate remains positive according to the latest World Economic Survey, published today by the ICC and the Munich-based Institute for Economic Research (Ifo).

Speaking this morning, Ian Talbot, ICC Ireland Chairman said, “While global sentiment has improved only slightly since the last survey, the outlook remains positive. Indications from these results are that the world economy has begun to stabilise.”

“Good news for Ireland is that the index for Western Europe has risen to 106.4; a huge improvement on 81.6 at the end of 2012. A strong Europe with potential for growth is vital for Ireland’s ongoing recovery and this continued improvement over the last number of quarters is cause for optimism. We must now ensure that both the private and public sectors work together with Government to sustain the positive momentum,” Talbot concluded.

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For further information contact Amy Woods, Chambers Ireland on 01 400 4319, 086 6081605 or email 

Notes to Editor
About the World Economic Survey
The survey polled 1,178 economic experts from business and academic institutions in 125 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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