Insights

I must admit that the optimism of business leaders around the world evident in our quarterly International Business Report (IBR) economic update was almost as surprising as it was pleasing.

Poland’s economy avoided recession during the 2009 financial crisis,and rebounded strongly in 2010-2011. Poland: dynamism at the heart of Europe.

Polska gospodarka uniknęła kryzysu finansowego w 2009 roku. Po okresie spowolnienia, w latach 2010-2011 powróciła na ścieżkę wzrostu. Polska nie mogła jednak całkowicie uniknąć skutków globalnego kryzysu. Wymiana z Europą stanowi bowiem ponad 80% całego polskiego handlu zagranicznego. Gospodarka rosła więc wolniej w porównaniu do czasu sprzed kryzysu gospodarczego, osiągając w latach 2012 i 2013 tempo około 1,5% rocznie.

The economy expanded by an estimated 4.5% in 2013, the fastest rate since the financial crisis. Oil and gas remain central to the success of the economy – the price of oil remains well above US$100 per barrel and the UAE is thought to have the seventh largest reserves in the world (98bn barrels) – accounting for close to 50% of total exports.

Dynamic businesses at the forefront of M&A activity highlights an increasing importance for M&A in driving growth. There is a clear acknowledgment from the 12,500 businesses surveyed that acquisitions will be needed to supplement existing operations.

24%: that is the proportion of women holding the most senior roles in businesses across the globe.

Developers, property companies, investors and homeowners suffered disproportionately during the financial crisis. But now, finally, expectations for profitability, jobs and orders are all on the rise.

The role of leaders in creating successful businesses and driving growth is crucial. How these leaders run their teams and make decisions can be the difference between success and failure. But do the leadership characteristics displayed by leaders vary from region to region?

The next 12 months hold a number of opportunities and challenges for Latin America. An estimated 600,000 visitors will descend on Brazil for the FIFA World Cup. They will be joined by television viewers across the globe as Brazil attempts to show the world that despite stadia construction delays and social unrest during the Confederations Cup last summer, it is open for business.

Drawing on data and insight from the Grant Thornton International Business Report (IBR), the Economist Intelligence Unit (EIU) and the International Monetary Fund (IMF), The global economy in 2014 answers these questions and more.

The lure of China’s less well-known cities and the opportunities they present has been picking up speed for years, along with their impressive growth. In fact, while they are often described as ‘second-tier’ cities, many are in fact now wealthier than their ‘first-tier’ counterparts.

Sweden is an open, trade-oriented economy with a strong emphasis on supporting enterprise. It is therefore perhaps unsurprising, if still pleasing, to find the economy ranked third for the dynamism of our business operating environment in the Grant Thornton Global Dynamism Index (GDI) 2013. We are behind only Ireland and Canada on this measure in the 60-economy study.

I was interviewed this week by CNBC and BBC World News to discuss the economic outlook for 2014, drawing on the views of 3,500 senior executives in 45 economies we interview for our International Business Report (IBR).

The Philippine economy is growing fast. GDP expanded by 6.8% in 2012 and, whilst remittances climbed to a record high of US$23.8 billion in 2012, their share of GDP actually dropped to 8.5%, down from 9% in 2011.

Business optimism in markets such as China, the UK and the US has risen markedly over recent months according to the Grant Thornton International Business Report (IBR)[1]. And the most interesting aspect for me is the contribution of the real estate and construction sector to the brightening economic outlook.

I was interviewed last week by CNBC and BBC World News[1] to discuss our Q3 International Business Report (IBR) results. The big surprise was that business optimism in the UK more than doubled over the past quarter.