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Chile first and Peru second on global economic optimism survey

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In spite of the fact that Peru’s level of optimism fell by 12 percentage points for the second quarter and 10 points with regard to the second quarter of 2013, the Andean nation remains among the top of the list of global economic optimism.

Chile first and Peru came in second place with 86 percent of businesses being optimistic, along with the United Arab Emirates. Chile was the most optimistic country globally with 88 percent of businesses reporting optimism, according to recent research by the audit and advisory firm Grant Thornton’s International Business Report (IBR).

“These two Latin American economies are growing rapidly and lead, thanks in part, from having benefited from the commodity boom in China and also expect to hire more workers in the coming quarters: Peru (75 percent and Chile (56 percent).” the international consultancy firm said in a press statement.

Global business optimism did not change from last year and remains at 27 percent. However, the survey further noted that 75 percent of respondents found accounting and money laundering frauds as a major concern for organizations in recent times, followed by bribery and corruption at 59 percent.

In the case of other Latin American countries, Argentina fell 29 points (-10 percent), Brazil 5 points (43 percent), Mexico 20 points (62 percent) with respect to the second quarter.

Further north, the United States increased by 24 percentage points, bringing it to its highest score of economic optimism registered in the history of the IBR.

These results from U.S. businesses demonstrate that North American companies are feeling increasingly confident about the economy.

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