Uot Gpcci Executive Director Christopher Zimmer Said Ina Statement Wednesday Firms That Expect Worse Business Conditions In The Next 12 Months Further Declined To 1 Percent Wbo Spring Survey 2022 From 3 Fall 2021 About 55 Are Optimistic Their Operation Over News Today : Breaking News, Live Updates & Top Stories | Vimarsana

File photo MANILA - The number of German firms operating in the Philippines saying their business is in a "good situation" has increased based on the World Business Outlook (WBO) Spring 2022 survey of the German-Philippine Chamber of Commerce and Industry (GPCCI). About 47 percent of the surveyed respondents said the current situation of their business in the Philippines is "good", higher than the 32 percent in the previous WBO Fall survey in 2021. Around 43 percent of the German firms here considered their business situation in the Philippines "satisfactory". In the WBO Spring Survey 2022, there is a significant decline in the number of enterprises that said their business is currently in a "bad" situation. From a high of 36 percent in the Spring and Fall survey in 2020 to 29 percent in Spring 2021 and 20 percent in Fall 2021, those who considered their business is in a "bad" situation fell to 10 percent in the latest poll. "The i

Christopher zimmerStefan schmitzPhilippine chamberWorld business outlookGerman philippine chamberFile photo manila the number of german firms operating in philippines saying their business is ina quot good situation has increased based on world outlook wbo spring 2022 survey philippine chamber commerce and industry gpcci about 47 percent surveyed respondents said currentIgher than the 32 percent in previous wbo fall survey 2021 around 43 of german firms here considered their business situation philippines quot satisfactory spring 2022Here isa significant decline in the number of enterprises that said their business is currently ina quot bad situation froma high 36 percent spring and fall survey 2020 to 29 2021 20Hose who considered their business is ina quot bad situation fell to 10 percent in the latest poll improving of pandemic philippines evident with low case reports and relaxed restrictionsHis is felt by the german business community in countryUot gpcci executive director christopher zimmer said ina statement wednesday firms that expect worse business conditions in the next 12 months further declined to 1 percent wbo spring survey 2022 from 3 fall 2021 about 55 are optimistic their operation overHile 44 percent expect their business to maintain the same condition quot we also have observed an uptick in investment interest which shows optimism of companies involved german philippine relationsUot zimmer added german firms in the philippines also cited top implications of russian invasion ukraine on economy these included higher cost energy and raw materialsRoblems in logistics and supply chainNd lack of raw materials and goods quot most businesses are reeling from the impact russian ukraine war since many european countries heavily dependent on energy imports sanctions that have been imposed because outcomes resulted in significant price increases supply chain disruptions globallyUot gpcci president stefan schmitz said with these challenges brought by the geopolitical developments