Latest news with #economic confidence
Bloomberg
6 days ago
- Business
- Bloomberg
Hungary's GKI Business Confidence Index Plunges to Five-Year Low
Hungary's business confidence index plunged to its lowest level in almost five years, in another sign that the economy could be on the brink of another recession. The gauge fell 2.1 points to -14.8 in July, the lowest level since June 2020, according to the GKI research institute, which compiles the data. Along with deeply pessimistic consumers, the overall economic confidence level slipped to -19.2, the worst reading since the end of 2022.
BBC News
14-07-2025
- Business
- BBC News
Businesses call for Channel Island collaboration, survey finds
There are calls for greater collaboration between Jersey and Guernsey businesses, a survey Institute of Directors (IoD) Jersey released findings from its second economic confidence survey following input from 70 findings suggest 56% of respondents were optimistic about their own organisations but only 17% were optimistic about Jersey's overall economy. Top priorities for growth in Jersey included infrastructure investment, attracting new industries and housing found both islands faced similar economic challenges following the findings of Guernsey IOD's own survey published at the end of June, and urged political leaders to work together. The Guernsey survey results suggested the island's business leaders had more confidence in the economy than six months before - but expectations for profits remained negative Ruddy, IoD Jersey Chair, said the survey provided a "clear mandate for action".She said: "While our members are confident in their own organisations, they are calling for bold, strategic investment and policy clarity to restore wider economic confidence. "Collaboration across the Channel Islands, support for innovation, and a focus on infrastructure and housing are essential to Jersey's future prosperity." 'Work together' Jersey respondents said they wanted to work with Guernsey for its fiscal deficit strategies by reducing public spending and driving economic results found entrepreneurship and innovation could be supported through tax incentives, youth talent attraction and skills also found AI adoption was in its early stages with 70% of companies offering training and 33% having a strategy in Hemans, IoD Guernsey's lead on economics, said collaboration should be sought after."There is clear recognition from the business community in both islands that - given the same challenges apply to both islands and our economic, geographical, demographic, constitutional and fiscal profile is so similar - the best way to confront our mutual challenges is to work together more closely."
