Emerging economies to continue to lead global growth: Euromonitor survey

Challenges galore
 

Euromonitor International’s Global Economic Forecasts report for the third quarter of the current year predicts that an overwhelming contribution to global growth will continue to come from developing and emerging economies, with their output expected to rise by 4.3 per cent in 2019 and will further improve to touch 4.7 per cent from 2020–2021. In the advanced economies, growth rate is expected to be 1.7 per cent in 2019 and may decline to 1.5 per cent annually in 2020–2021, the report adds. Among the negative global factors which will continue to cast a shadow on growth will be tensions from the China-US trade war. Global trade volume growth has declined, constraining growth for export-dependent emerging markets and the Eurozone. Stock markets remain fragile and below their 2018 peaks, it says.

Trust matters
 

If you are a politician, a minister or an advertising executive, you may want to question your career choice. A new global survey by marketing research company Ipsos found that the respondents labelled these professions as the most “untrustworthy”. Politicians fared particularly bad in the survey as a majority (51 per cent) of urban Indians rated them as the most “untrustworthy”. Government ministers garnered 52 per cent of these thumb downs while advertising executives, 41 per cent. On the other extreme, the most trustworthy ones, had the armed forces (71 per cent) taking the pole position. The second and the third places of trustworthiness in professions were bagged by scientists and teachers respectively. “Politicians, despite their efforts to clean up the system, have not yet won the trust of most. Also, the advertising professional, writing interesting copies and creatives, highlighting merits of brands, is viewed with scepticism,” says Parijat Chakraborty, country service line group leader, public affairs & corporate reputation, Ipsos India.