CATEGORY: OBG Business Barometer
As 2018 draws to a close and I look to the results of the most recent Oxford Business Group Business Barometer surveys, it makes for interesting reading against a backdrop of increased global economic and political uncertainty.
Despite dropping prices in the real estate market, a key sector helping the UAE steer away from its dependence on the oil industry, Oxford Business Group’s Business Barometer: UAE CEO Survey found that the sentiment among 110 business leaders is largely positive – over 60% of respondents anticipate that they will make a significant capital investment in the coming 12 months. In particular, tech investments are set to grow, with 80% indicating that they will increase spending on smart tech and research and development.
With the scheduled exit from an IMF credit deal by year-end, ongoing fiscal and monetary reforms, and an historic consolidation agenda for the banking sector, 2018 was a trying year for the Ghanaian economy.