EY | Global news | Economy

An overview of EY global news:

Canada

Canadian venture capital remained sluggish in third quarter Canadian venture capital disbursements remained sluggish in the third quarter of 2025, down 58% from the $3.27 billion recorded in Q3 24. In Q3 25, there was $1.
03 November 2025
Canada

Inflation forcing Canadians to tighten belts again Persistent high inflation is making Canadians return to their pandemic downturn behaviours – including cutting down on non-essentials and trading down to cheaper alternatives.
01 September 2022
Canada

More than half of Canadians say inflation making it harder to afford things More than half of Canadians (53%) say the rising cost of goods and services is making it more difficult to afford things, according to recent survey from EY Canada.
05 May 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
Canada

Canadian firms targeting growth through mergers With business leaders optimistic about a return to profitability, Canadian companies are looking to drive growth through mergers and acquisitions, according to EY’s “Global Capital Confidence Baromet
15 June 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
Canada

Majority of Canadians plan to spend less on non-essential goods Fifty-five percent of Canadian consumers plan to decrease spending on non-essential goods and services, according to an April survey from EY.
03 September 2020
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
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
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
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
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
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
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
South Africa

Middle-market companies in South Africa confident about strong growth Despite concerns in the economy as a whole, companies in South Africa, particularly those in the middle-market range, are preparing to invest in expansion strategies.
12 December 2017
China

Chinese mid-market companies expect improving fortunes Chinese mid-market firms are relatively positive about future growth, with the majority expecting to see increases of more than 6% in the coming year.
21 November 2017
South Africa

South Africa's largest retailers book 5% growth, finds EY Things are back on the up for the South African economy in 2017, particularly in the retail sector, after a major slump in 2016.
13 November 2017

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