Eurochambers survey stresses COVID-19 threat to world economy

Eurochambers has issued a report on the global economy survey with the cooperation of the Global Chamber Platform which says as COVID-19 continues to threaten the resilience of the global economy, the international business community has once more endured a challenging year.

11 December 2021
ID : 33326
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Eurochambers has issued a report on the global economy survey with the cooperation of the Global Chamber Platform which says as COVID-19 continues to threaten the resilience of the global economy, the international business community has once more endured a challenging year.

The Global Economic Survey 2022 was conducted during the months of October and November 2021 among Members of the Global Chamber Platform.

The Survey intends to gather a qualitative assessment from GCP Members on global economic developments, trade policy and other key policy challenges. Thus, conclusions drawn from the answers reflect the majority opinion of GCP Members, without prejudice to diverging opinions of single members, which are sought to be highlighted in the report where appropriate.

The Global Chamber Platform (GCP) brings together the 16 major national and transnational Chamber organizations from the four corners of the globe.

Its key objective is to facilitate trade and market access internationally as well as developing coherent and innovative answers to the challenges of globalization that the shift in global economic realities brings about for all players involved.

Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) was also among the respondents that participated to the 2022 Global Economic Survey.

The survey shows that as COVID-19 continues to threaten the resilience of the global economy, the international business community has once more endured a challenging year.

Given ongoing market uncertainty due to the pandemic, the GCP calls on the Indonesian G20 Presidency for 2022 to put the continued COVID-19 recovery at the top of the leader’s agenda next year. Other priorities should include the digital and green transition, trade facilitation and boosting supply chain resilience.

The findings of the Global Economic Survey 2022 also emphasize the acute need for government support to help SMEs with the digital transition. While the digital economy is expected to generate $4.2 trillion in 2021, it only represents 10% of small business revenue.

The gap between the demand and supply of digitally skilled workers is also increasing, so the GCP invites policy makers to cooperate more closely at global level to identify and roll out policies to re- and upskill the workforce.

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