The last time the index fell so strongly was 10 years ago when the world was coping with the financial crisis.
The business confidence index has fallen to its lowest level in a decade. This is reported by Interfax on Monday, November 11.
This figure is calculated by the Institute of Economic Research (IFO), based in Munich. At the beginning of the fourth quarter of 2019, the index was -18.8 points, and three months ago -10.1 points.
The current figure is the lowest since the second quarter of 2009 when almost the entire world was in a financial crisis.
Experts specify that the economic climate has become worse in almost all the world’s regions. Thus, the growth of world trade, consumer spending, and investment activity is expected to slow significantly.
At the same time, emerging economies such as Asia are negatively assessing the situation, and advanced economies such as the United States are concerned about the prospects for the coming months.
Earlier, the number of businessmen in Ukraine fell sharply. Earlier, the President signed a decree on urgent measures to ensure favorable conditions for the activities of individuals-entrepreneurs.
It was also reported that business expectations of business have deteriorated in Ukraine. The index of expectations of business activity for the month fell by almost 10%. At the same time, the most optimistic expectations were maintained by the services and trade sectors.