Global operating cost concerns pick up after five quarters

ACCA (Association of Chartered Certified Accountants) and IMA® (Institute of Management Accountants) released the latest "Global Economic Conditions Survey" (GECS) for the first quarter of 2024, driven by the rising chances of a soft landing for the US economy, China and the world.

Concerns about global operating costs rise

According to the latest survey report, global concerns about operating costs are on the rise after falling for five consecutive quarters. This change may be affected by the increased chances of a soft landing for the U.S. economy and the economic conditions in China and other regions.

Opportunities for a soft landing for the U.S. economy rise

In the near future, the U.S. economy faces the risk of a soft landing, which may lead to increased corporate concerns about operating costs. The ACCA and IMA® survey reports pointed out that this situation has had a certain impact on the global economic pattern.

China's economic situation draws attention

In addition to the United States, China, as the world's second largest economy, has also received widespread attention for its economic conditions. As China's economic growth slows down, companies are increasingly concerned about operating costs.

The global economic situation is not optimistic

From a global perspective, the economic situation is not optimistic. Trade frictions between countries, geopolitical risks and other factors may have an impact on operating costs, which is also an issue that companies need to pay close attention to.

Conclusion

In general, global concerns about operating costs are on the rise after falling for five consecutive quarters, reflecting the uncertainty of the global economic situation. Enterprises should pay close attention to changes in various factors and promptly adjust strategies to deal with the challenges brought about by uncertainty.