Grant Thornton IBR
The International Business Report(IBR) became a quarterly survey in2011, allowing us greater flexibilityin analysing and understanding theimpact of key events on businessgrowth. This new approach allowsus to deliver not only the economicperspective of business leaders onevents such as the Arab Spring,renewable energy and global leaseaccounting changes, but also deepinsight into strategic issues such as theproportion of women in seniormanagement and corporate socialresponsibility activities. Drawing onmore than 13,000 interviews in 40economies, this report explores thetrends that will shape the speed andtrajectory of the recovery over thenext 12 months, including demand,employment, investment, inflationand access to finance.We have witnessed a large amount of political and economic turmoil overthe past 12 months, from uprisings inthe Middle East and North Africa tothe tsunami in Japan and the sovereigndebt crisis in the eurozone. Resultingvolatility in commodity prices,disruptions to supply chains andgeneral uncertainty has impactedbusinesses across the globe, slowingthe recovery in both mature andemerging markets.As the IBR enters its 20th year, theglobal economic outlook is uncertainand social unrest is growing. Inmature markets, debt crises and theimpact of ageing populations remainunresolved whilst emerging marketsare grappling with persistent inflationand a shortage of skilled workers. Astechnology advances, competitionincreases and the balance of economicpower flows to high-growth marketssuch as Brazil, China and India, theglobal economy is undoubtedlyentering a new phase.Despite this apparent adversity,many of our clients are thriving. Byremaining agile and adaptable tochange, these dynamic organisationsare able to capitalise on opportunitiesquickly. In a turbulent world, theylook set to reap the richest rewards.
CHIEF EXECUTIVE OFFICERGRANT THORNTON INTERNATIONAL