Grant Thornton IBR Q2-2014 resultsHow optimistic are you for your economy over the next 12 months?

To examine IBR results going back to 1992, use our data visualisation tool: https://dataviztool.internationalbusinessreport.com/ibr.htmlSample: 2,500 mid-market business leaders interviewed in 34 economiesSource: Grant Thornton IBR 2014

United StatesBusiness optimism is the US climbed back up to 74%, the fifth highest globally, with the economy expected to shrug off the effects of a harsh winter.

eurozoneConfidence in the eurozone continues to climb, led by Ireland (84%) and Germany (79%), although France (-14%) and Italy (6%) remain in the doldrums.

United KingdomBusiness optimism remains very high – behind only India and Ireland globally; growth forecasts are the strongest in G7 and unemployment is falling rapidly.

RussiaRussian business optimism climbed to 15% despite international sanctions following the Ukraine crisis; however business growth indicators fell.

ChinaOptimism slipped slightly to 30% in Q2 as business concerns persist over the growth trajectory of the economy and high levels of local government debt.

JapanOptimism fell to 5% in Japan in Q2, although it remains elevated in historical terms; the new sales tax rate and worsening relations with China are key concerns.

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Latin AmericaA sharp fall in Mexican confidence, where growth rates have disappointed despite a raft of reforms, and continued social unrest in Argentina and Brazil pulled the Q2 result down.

South AfricaOptimism recovered in Q2 despite economic contraction of 0.6% in first quarter (the largest since 1967) on the back of continuing mine strikes.

TurkeyConfidence in Turkey moved back into positive territory but remains depressed by historical standards while political polarisation and pressure on the lira continue.

IndiaConfidence is the highest in the world following the landslide election of the business-friendly Narenda Modi who has vowed to boost growth.

AustraliaBusiness confidence has climbed to its highest since 2010 with the construction and mining sectors showing particularly strong growth.

ASEANImprovement in Thailand, where the military have restored order, is mitigated by a decline in confidence in Indonesia, where the election result remains uncertain.

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Key: A score above zero indicates net optimism

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