D&B'S Mid-year Global Economic Outlook Shows Signs of Optimism Tempered by Political and Policy Challenges
Conflicted Outlook Includes Both Improvements in Advanced Countries and Instability in Some Key Regions; New Uncertainty Resulting from Changing Federal Policy
SHORT HILLS, N.J.--(BUSINESS WIRE)-- D&B (NYS: DNB) , the world's leading source of commercial information and insight on businesses, today announced the release of its mid-year global economic outlook, a comprehensive study based on an analysis of the company's proprietary business data. D&B's mid-year study finds slow global economic growth during the second half of 2013, but calls for a more optimistic forecast in 2014 and beyond. The global outlook report is part of D&B's Informed Perspectives series, which examines the impact of macroeconomic trends on global business.
"The risks remain substantial, particularly with the transition of US monetary policy, structural imbalances in China, the disintegration of the euro, and continued political upheaval throughout the Middle East," said Paul Ballew, D&B's chief economist. "However, overall improvement appears to be resilient despite this dynamic environment."
D&B Mid-year Report Highlights
US private sector poised for growth, despite anticipated Federal policy challenges.
While there is more optimism in the US than other parts of the world, it is tempered by uncertainty on a number of fronts including potential changes to domestic monetary policy. However, in our view, these issues are offset by the ongoing restructuring of domestic businesses, enabling them to invest and continue to innovate and grow. D&B's proprietary Small Business Health Index, a gauge of domestic growth, continues to reflect continuing improvement in the financial position of small businesses.
Rising political, social risks.
Austerity measures and slowing economic growth have led to large-scale political protests in many countries, notably in Argentina, Brazil, and Egypt. Arab Spring demonstrations continue to impact the Middle East, while deep-rooted divisions over Turkey's political future continue to grow. And Greek austerity efforts have significantly decelerated foreign investment activity in that country.
Progress towards debt reduction in advanced economies.
In advanced economies, years of cheap credit led to unsustainable levels of household and corporate debt, while public sector debt shot up in light of falling tax revenues and government efforts to hike spending. Many countries have since decreased their household and corporate debt levels, yet some still struggle to keep public sector debt manageable.
Rebalancing underway in emerging economies.
Emerging economies are slowly beginning to restructure amid sluggish global growth. While significant economic reforms have yet to take hold in many countries, some - notably Mexico - are aggressively pressing for change.
D&B reports provide informed perspectives on the impact of macroeconomic trends on global business, small business, country risk, and industry.
To read the complete Mid-year Global Economic Outlook report, please click here
About Dun & Bradstreet® (D&B)
Dun & Bradstreet (NYS: DNB) is the world's leading source of commercial information and insight on businesses, enabling companies to Decide with Confidence® for 172 years. D&B's global commercial database contains more than 225 million business records. The database is enhanced by D&B's proprietary DUNSRight® Quality Process, which provides our customers with quality business information. This quality information is the foundation of our global solutions that customers rely on to make critical business decisions.
D&B provides two solution sets that meet a diverse set of customer needs globally. Customers use D&B Risk Management Solutions™ to mitigate credit and supplier risk, increase cash flow and drive increased profitability; and D&B Sales & Marketing Solutions™ to provide data management capabilities that provide effective and cost efficient marketing solutions and to convert prospects into clients by enabling business professionals to research companies, executives and industries.
For more information, please visit www.dnb.com.
KEYWORDS: United States North America New Jersey
The article D&B'S Mid-year Global Economic Outlook Shows Signs of Optimism Tempered by Political and Policy Challenges originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.