GLOBAL BUSINESS ACTIVITIES IN LIGHT OF THE IMPACTS OF THE ECONOMIC RECESSION

• Main Author: PETER KUZMIŠIN
• Format: Article
• Language: English
• Published: Technical University of Kosice 2010-12-01
• Series: Kvalita Inovácia Prosperita
• Subjects: world economy; economic recession; index of investor confidence; European Union; global business environment
• Online Access: http://www.qip-journal.eu/files/2010/2010-1-2/QIP_1-2_2010_Kuzmisin.pdf

The paper focuses on the impacts of the economic recession in 2008-2009, which resulted in significant losses in manufacturing, investments, foreign trade and led to a major rise in unemployment and decrease in the standard of living. Based on the assumptions about the growth of global economy, the attention is paid to the activities of business sphere in the area of investments in terms of the Index of investor confidence published in 2010. As the main motive for investments in the forthcoming future, the security of investments has been identified. The turning point is expected to occur in 2011. Nowadays, there is rather a climate of “suspended investments” due to both the insecurity on the markets and problems with acquiring credits.