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Optimism bounces back amongst businesses around the world

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  • Optimism bounces back amongst businesses around the world

    Optimism bounces back amongst businesses around the world 10.02.2010
    12:02 GMT+04:00

    /PanARMENIAN.Net/ Optimism amongst privately held businesses (PHBs)
    around the world has bounced back to give the Grant Thornton global
    optimism/pessimism index for 2010 an optimism balance of +24%,
    compared to its lowest ever score of -16% this time last year,
    reported the press office of Grant Thornton Amyot.

    The International Business Report (IBR) survey of over 7,400 PHBs
    across 36 economies, now in its 18th year, also highlights a group of
    ten economies where businesses are more optimistic about the outlook
    for their economies than International Monetary Fund (IMF) forecasts
    might suggest.

    Businesses in Chile, India, Australia, Vietnam and Brazil are the most
    optimistic in the world, all scoring over +70%. The biggest swing in
    sentiment was in Hong Kong which moved from deep pessimism last year
    (-49%) back to an optimistic +64% this year (a 113% rise). At the
    other end of the scale, many eurozone countries remain pessimistic
    about the future; Italy, Denmark, Finland and France all scored +9% or
    lower with Greece (-23%) and Ireland (-42%) even more gloomy. Spain
    (-56%) and Japan (-72%) kept their places as the most pessimistic
    economies in the world, although even here the figures were slightly
    up on last year.

    Armenian businessmen are less optimistic in their forecast for 2010,
    showing +32% against the last year's +46%, and are positioned very
    close to the global average indicator.

    When compared to the IMF's GDP figures for 2009, economies that
    avoided recession (for example, Australia, mainland China, India and
    Vietnam) or suffered a relatively minor recession (such as Brazil,
    Hong Kong, Canada and New Zealand) all feature, not surprisingly, at
    the top of the league table.

    Grant Thornton Amyot LLC, the Armenian Member of Grant Thornton
    International, is a multi-professional group of Public Accountants and
    Auditors, Financial Advisers, Business, Industry, Tax and Legal
    Consultants.

    Grant Thornton Amyot (then Amyot Exco Armenia) was founded in 1991,
    and has since been providing audit missions, in-depth professional
    consulting services, expert advice to governmental organizations,
    top-level enterprises, national and commercial banks in CIS countries:
    Armenia, Georgia, Belarus, Kazakhstan and Uzbekistan.

    Grant Thornton Amyot has extensive experience of audit and consulting
    services for different sized enterprises, commercial and investment
    banks in CIS countries, projects financed by The World Bank Group, UN
    System, EBRD, EU/EC, USAID, Eurasia Foundation, GTZ, KfW and other
    International Finance/Lending Institutions and Organizations.

    The experts provide assurances to management, corporate directors,
    investors and lenders. This includes assurance on the reliability and
    security of financial and non-financial information, business
    processes and controls, regulatory compliance and information.
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