AHK World Business Outlook - Summer 2017 Results

29.09.17 AHK News

The Association of German Chambers of Industry and Commerce (DIHK) conducted an AHK Business Outlook survey earlier this year to gauge the business climate worldwide.

The global economy is picking up steam again. After moderate growth rates in recent years, German companies abroad are currently much more confident about the global economy. In nearly all regions of the world, but above all in the three most important economic regions: North America, the Eurozone and China, the economy is developing positively. South America and eastern and southeastern Europe form the exceptions, the latter being influenced above all by skepticism about the Turkish economy. Brexit is also clouding economic prospects in the United Kingdom.

A solid third of the more than 4,000 companies surveyed by the AHKs worldwide see positive development for their local economies in the coming 12 months (34%). Only 16% anticipate a deterioration. The resulting balance of 18 points is much higher than in the previous survey in the autumn of 2016 (balance: 7 points). Due to crises in some regions of the world and an increase in protectionism and anti-trade talk, particularly from the US administration, developments remain associated with great uncertainty for German companies. Nearly every second company cites economic policy conditions as a risk for the global economy in the coming 12 months.

To read the full report, please download the PDF linked below:

AHK World Business Outlook - Summer 2017

Part of the survey was a focus on the ASEAN region, which reflects a positive feedback from companies and confirms that the South-East Asian market is still attractive to a lot of investors. 

For a more in-depth report on the ASEAN region, please download the PDF linked below:

AHK World Business Outlook - ASEAN Focus Summer 2017