As the world anticipated important announcements regarding US Federal Reserve practices and awaits outcomes of critical elections in Germany on Sunday, ICC’s Group on Economic Policy (GEP) has stressed the need for world leaders to keep markets open, avoid trade and investment protectionism in all guises and urged collaboration among nations to address global financial challenges.
The world economy has weakened slightly this quarter, mainly due to declining optimism in Asia and Latin America, while North America shows signs of continuing recovery, according to a World Economic Survey published today by the International Chamber of Commerce (ICC) and the Munich-based economic research institute Ifo.
The critical role that foreign direct investment (FDI) plays in fostering development, economic growth and job creation was underscored at the Guatemala Investment Summit last week. ICC took part in the high-level gathering which was opened by Guatemalan President Otto Perez Molina and featured special guest President of the United States of Mexico Enrique Peña Nieto, as well as keynote speaker former President of Chile Eduardo Frei.
The world economy is showing signs of brightening after six months of stagnation, according to a global survey of economic experts by the International Chamber of Commerce (ICC) and the Munich-based Ifo institute for economic research.
Speaking live on CNBC’s Worldwide Exchange programme this morning, ICC Secretary General Jean-Guy Carrier said that the cautious optimism signalled by experts responding to the latest ICC-Ifo world economic survey was a good harbinger of developments for 2013 and held the promise of leading to investment-led growth.