GTDW FDI Trade & Supply Chain Digitalisation News
Apr 17, 20231 min
Across Asia, Australia, Taiwan and South Korea also rank in the global top 20. As a region, Asia’s score for policy towards foreign trade is improving. This partly reflects the impact of regional free trade agreements (FTAs) adopted in the past five years, the effects of which will be reflected in our five-year forecast period (2023-27).
“The global business environment rankings can continues to see headwinds stemming from the war in Ukraine, ensuing spike in inflation and cost-of-living crisis, and the current combination of fiscal loosening and monetary tightening amid an economic slowdown.
Our ranking for the second quarter of 2023 shows that North America and western Europe remain the best regions in the world to do business. Asia ranks third, ahead of eastern Europe, while Latin America marginally outperforms the Middle East and Africa.”
PRIANTHI ROY, COUNTRY FORECAST MANAGER AND EUROPE ANALYST, EIU
The biggest improvements over the past year are in Vietnam, Thailand, Belgium, Sweden, India and Costa Rica. Vietnam is the overall biggest mover worldwide, climbing 12 spots in the rankings, while Thailand improves by ten places and India by six.