Business Survey Finds Strong Rebound in Optimism Led by G7 and APAC

Regional Optimism

Increasing the prices of products

Regions increasing prices

Businesses increasing hiring

Regions increasing hiring

Businesses increasing salaries at, or above, inflation

Regions increasing salaries

Global business optimism increased strongly from 39% to 50% over the past three months according to the Grant Thornton International Business Report, a quarterly survey of more than 3,000 businesses in 44 countries. Those planning to increase hiring rose from 34% to 36%, and those planning to raise employee wages at, or above inflation, increased from 67% to 68%. At the same time, those planning to increase pricing on their products remained unchanged at 35%.

G7 optimism increased from 30% to 49% and planned wages increases rose from 64% to 78%. APAC saw optimism increase from 35% to 48%, hiring plans increase from 38% to 43%, and salary increases rise from 60% to 76%.

Most Optimistic countries

1. Peru

98%

2. Philippines

92%

3. UAE

92%

4. Mexico

84%

5. India

83%

1. Latin America

67%

2. BRIC

58%

3. North America

56%

4. G7

49%

5. APAC

48%

6. EU

34%

7. Nordic

33%

Global: 50%

1. Botswana

86%

2. Argentina

77%

3. India

76%

4. South Africa

70%

5. Hong Kong

59%

1. Latin America

49%

2. Nordic

43%

3. BRIC

42%

4. APAC

42%

5. EU

34%

6. North America

32%

7. G7

31%

Global: 35%

1. India

76%

2. Georgia

72%

3. Peru

68%

4. UAE

58%

5. Philippines

56%

5. Turkey

56%

1. Latin America

51%

2. BRIC

48%

3. APAC

43%

4. North America

38%

5. G7

34%

6. Nordic

29%

7. EU

24%

Global 36%

1. Argentina

97%

2. Botswana

94%

3. South Africa

94%

4. Canada

89%

5. India

88%

1. North America

87%

2. Latin America

85%

3. G7

78%

4. APAC

76%

5. BRIC

70%

6. Nordic

59%

7. EU

46%

Global: 68%