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The Resilience Wheel : focus on cash management

In the inaugural GrowthiQ article, global CEO, Ed Nusbaum considers the outlook for the global economy, and tells business leaders that opportunities remain despite prevailing economic uncertainty.

Ed Nusbaum talks to Ivo Daalder about the outlook for emerging markets

I was interviewed last week on CNN to discuss the continued strength of global business optimism uncovered by our Q2 IBR economic update. The interviewer was particularly interested in the reasons behind business confidence around the world reaching a record high since we started asking this question in 2003. So let’s take a look at what the survey is telling us.

I must admit that the optimism of business leaders around the world evident in our quarterly International Business Report (IBR) economic update was almost as surprising as it was pleasing.

You may well have seen the news last week that the European Parliament approved a package of accounting reforms relating to the relationship between Public Interest Entities (PIE) and their auditors operating within the European Union.

I was interviewed this week by CNBC and BBC World News to discuss the economic outlook for 2014, drawing on the views of 3,500 senior executives in 45 economies we interview for our International Business Report (IBR).

I was interviewed last week by CNBC and BBC World News[1] to discuss our Q3 International Business Report (IBR) results. The big surprise was that business optimism in the UK more than doubled over the past quarter.

Last week, we released the results of the Grant Thornton Global Dynamism Index (GDI) 2013. This is the second year we have released these results. We are seeing the beginning of trends in the data but there was also some interesting movement up and down the rankings.

A lot has been written about auditor rotation over recent months, but in August, India became the latest major economy to actually enforce mandatory rotation. This is big news. And not just for us accountants.

This time last week I was interviewed by Bloomberg and CNBC to discuss a divergence in business optimism between China and the US revealed by our Q2 International Business Report (IBR). The results were surprising: Chinese business optimism is at an all-time low whilst their US peers are more optimistic than at any time since 2005.

The latest update from our International Business Report (IBR) provided some encouraging signs for the health of the global economy. On the back of easing demand conditions, both investment plans and business confidence are up.

On the one hand, the results from our once-every-two-years look at the world’s leading emerging markets were encouraging. Business leaders across the world are looking at international expansion opportunities.