Economy

Continuing a downward trend, the average global economic assessment of national economies surveyed in 24 countries is down one point as 39% of global citizens rate their national economies to be ‘good’.

Global Economic Pulse Welcomes Israel This Month.

Starting the new year on a positive note, all three economic indicators are on the upward trend erasing the losses of the previous wave.

Overriding the positive trend noted in the previous Economic Pulse report, the last month of 2014 closed on the negative note with all three economic assessment indicators down since last month and down two points since October 2014..

Perceptions of the current economic situation around the world are improving slightly this month, with four in 10 respondents rating their national economy as good. The local economy assessment holds steady, as does optimism for the near future.

An Ipsos poll commissioned by Kazakhstan’s Ministry of Foreign Affairs shows strong support among Kazakh citizens for the general direction of policy in this energy-rich Central Asian country.

Despite the ongoing crisis in the Middle East and continuing tensions between Russia and the United States, the global average for national economic assessment remains unchanged for the second month in a row; the local economic assessment average is up one point since last sounding; and the future local average remains unchanged for the fifth straight month.

China's automotive components sector is set to achieve annual growth of 20 per cent for the next five years driven by demand for new cars and a growing secondary market. The aftermarket segment will become the main outlet for automotive parts as the average age of vehicles on the road continues to rise and the current total car population has already surpassed 100 million. The counterfeit auto parts market, already the world's largest with a current value of about US$40bn, will only increase as the overall market grows.

Territorial oil disputes, rising fuel prices, nuclear disasters and choking smog levels have brought energy issues sharply into focus in recent years. Opinion polls have highlighted the concerns from all countries about the safety, affordability and sustainable supply of energy.