EY | Global news | Economy

An overview of EY global news:

United Kingdom

Generative AI to boost productivity in financial services Hype around generative AI and machine learning is continuing to buoy economic sentiment across Europe, with fewer than two-in-five financial services CEOs now expecting a severe downturn in the comin
07 November 2023
United Kingdom

UK-listed profit warnings fall year-on-year for first time since 2021 Profit warnings issued by UK-listed companies has fallen year on year, for the first time since 2021.
03 November 2023
United Kingdom

UK profit warnings continue to rise year-on-year Profit warnings from UK-listed companies are still rising year-on-year, and remain above average for fifth consecutive quarter.
26 April 2023
United Kingdom

UK profit warnings spike amid surging costs The number of profit warnings issued by UK-listed companies in the first six months of 2022 has risen by 66% compared to the same period one year before.
20 July 2022
Australia

EY urges economic shift in face of international climate action Professional services firm EY has warned that close to two thirds of the Australian GDP is at risk from international net-zero actions, urging the government to transition sooner rather than later.
07 November 2021
Asia

Corporates see Southeast Asia as epicenter for growth Executives in Southeast Asia are optimistic, hungry to invest, and looking at their regional market for growth prospects – according to a new survey by EY.
12 April 2021
India

Seven consultancies to help develop India's economic recovery plan Invest India – a public-private partnership aimed at promoting investments across the Indian economy – has roped in a set of major consulting firms to devise a recovery strategy for after the Covid-1
08 May 2020
United States

Capital strategies shifting as Covid-19 impacts global economy Over half of global executives are being forced to reconfigure their operations as Covid-19 pressures supply chains, revenue, and profitability – according to the 22nd annual EY Global Capital Confid
02 April 2020
South Africa

Corporate tax hikes are an unnecessary burden on SA's economy EY has become the latest of the Big Four accounting and advisory firms to recommend a relaxation of the corporate tax rates in South Africa.
26 February 2020
Australia

Better university student performance adds billions to economy Tackling major challenges currently facing the Australian education system could add $3.
10 October 2019
Africa

Economic reform is making Africa an attractive market for FDI EY has released the latest edition of its Attractiveness Programme in Africa report, revealing that foreign direct investment (FDI) indicators across the continent are increasingly promising.
23 September 2019
United Kingdom

Global economic turbulence slows growth in Ireland With Brexit uncertainty having brought the UK economy to a stand-still, the neighbouring Republic of Ireland has seen its economic performance far outstripping Britain in recent years.
16 September 2019
South Africa

EY Partner stresses the importance of FDI for South Africa Speaking at the World Economic Forum (WEF) in Africa, Partner & EY Africa Industry Leader for Government & Public Sector Sandile Hlophe has emphasised the need for South Africa to work harder towards
09 September 2019
United Kingdom

First half of 2019 sees spurt in company profit warnings Sustained Brexit uncertainty is hitting the UK’s keystone industries hard, as delayed or discontinued have been shown to have hit the country’s chemical sector.
23 July 2019
United Kingdom

Foreign direct investment to take hit from Brexit Even while the UK has continued to see growth in investment, core cities tend to be the favourite destination of money from overseas, due in part to strong talent and infrastructure offerings.
21 June 2019
India

Rising GST revenues need to be boosted further to meet government targets While the increasing pool of revenue collected via the Goods & Services Tax (GST) is a promising sign for India, executives from the Big Four accounting and advisory firms believe that measures must
04 June 2019
India

Big Four executives explain Singapore's ascension as a source of FDI Tax incentives are among the primary factors that have contributed to the increase in foreign direct investments (FDI) from Singapore, according to Big Four accounting and advisory executives in Indi
31 May 2019
Singapore

Big Four give tick to enterprise initiatives in Singapore 2019 budget
20 February 2019
United Kingdom

These top consulting firms are shaping WEF's Davos agenda Every year, the second half of January sees the global economic and political elite descend en masse on a Swiss ski-resort.
23 January 2019
Africa

FDI inflows in Africa are on the up and more equitably distributed than before Following a sustained period of low levels of economic growth and foreign direct investment (FDI), Africa appears to have made its way back onto a growth trajectory, according to a new report from gl
24 December 2018
Mexico

Corruption the biggest barrier for businesses in México Over half of all Mexican respondents to the global survey on fraud and forensic data by the professional service firm Ernst & Young believe that corruption is the greatest threat to doing business in
08 November 2018
Uzbekistan

Big name firms brought in by Uzbekistan for economic development agenda A broad suite of ongoing economic reforms and development initiatives in Uzbekistan has seen the government bring in BCG, McKinsey and the Big Four for support.
22 October 2018
Peru

The vision of Peru: a bicentennial reflection As Peru heads towards its bicentennial celebrations of nationhood in 2021, the country is gearing up to define its future.
04 September 2018
United Kingdom

Retail bears brunt of sluggish first half of 2018 with 20 profit warnings The number of profit warnings by FTSE-listed retailers has doubled since the same period of 2017, while the UK economy as a whole has seen profit warnings hit a seven year high.
26 July 2018
Latin America

Modern trade in Latin America stagnates for consumer product companies For the better half of a decade, modern trade penetration in Latin America has been situated between 48-50%, shattering expectations of increasing consumerisation of the region.
25 July 2018
Australia

Professional services grow to become one of Australia’s largest industry groups The Australian professional services industry has grown by 30% since the beginning of the decade to become the fourth largest industry group in the country.
24 July 2018
Colombia

Colombian companies must apply basic labor standards to reach OECD standards Colombia was invited to join the Organisation for Economic Cooperation and Development in earlier this year, in May.
23 July 2018
United Kingdom

Ireland set for net jobs growth of over 230,000 by 2022 After a decade of economic turbulence resulting from the global recession, Ireland’s employment rate has finally pushed past the figure of 2008.
19 July 2018
Albania

Albania enlists EY to combat tax evasion and economic crime Albania – a candidate country for EU membership – has called in Big Four professional services firm EY to help combat pervasive tax evasion and stamp out a black economy worth a third of its GDP.
08 June 2018
Latin America

Brazil and Mexico are the FinTech champions of Latin America Financial institutions, multinationals and investors worldwide are racing to understand how FinTech can benefit their businesses.
07 June 2018
United Kingdom

The consulting firms that are a World Economic Forum partner Every year, thousands of CEOs, high-profile academics, scientists and international politicians converge upon the Swiss Alps to discuss the state of the world’s economy.
24 January 2018
South Africa

B-BBEE need not deter foreign investment to South Africa, says EY Steady foreign investment is absolutely critical for the South African economy in years to come, and despite a number of conducive factors in the country, the extra regulations that accompany the Bro
27 December 2017

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