上海ACCA调查-ACCA survey shows: high inflation and low investmen
本站原创 >ACCA 调查显示：高通胀和低投资有碍经济复苏
ACCA survey shows: high inflation and low investment to economic recovery
The latest global economic situation survey, high inflation and low investment to the pace of world economic recovery remain stagnant, or even retrogression.
May 16, 2011 to June 6th, a total of 2186 ACCA members to participate in the investigation. Among them, only 26% of the respondents indicated increased confidence, compared to three months ago 28% decline. 57% of the respondents said, the economic environment to deteriorate or remain stagnant, more than three months before the 51% rose.
In 2011 second quarter although did not repeat the first quarter inflation rapid rise situation, but 54% of the respondents ( relatively on the quarter 51% improved ) express enterprises operating costs increased, and two years ago in the survey mentioned inflation respondents compared to the number of double.
Investigation shows, cost increase is not limited to the fastest growing economy.
Malaysia and Pakistan the economic performance of the best market, but also in the forefront of economy inflation. By the European debt crisis, Western European countries also he 45% of the respondents mentioned cost increase, making the region 's business confidence and economic optimi degree both bottom.
Investigation shows, in the face of inflation challenges, more and more enterprises he to respond by cutting costs.
About 30% of respondents think the government will publish the correct medium-term expenditure policy, but 16.5% of the respondents worried about spending level is too high or too low, and the proportion of the population since the end of 2009 each quarter are on the rise.
Global financing channel in the past six months from repeated tightening, and growth capital and liquidity are so. Plus operating cost rising, may lead to more respondents worried customers ( 31%) or ( 15%) the supplier may collapse, expressed late payment problems also increased the proportion of respondents ( 31%).
Although these trends are worrying, but the financial professionals confidence index has deteriorated to the extent that they believe there will be a new round of economic recession.
Over the past two years, Africa and Asia-Pacific area financial professionals from first to last all than other regions of the counterparts more optimistic view of the state of the economic recovery. This also makes them serve the enterprises maintained a higher confidence level.
But in the present investigation, two regions of the extraordinarily low confidence level. The Asia-Pacific region more appeared first in two years of net decline in confidence. Hongkong and Malaysia is particularly vulnerable. Singapore turn back the powers of darkness, the confidence to further improve.
The Far East gloomy picture reflects Japan earthquake influence there are still repercussions. While African confidence not vibration is mainly involved in other areas of slow economic growth. ACCA global economic situation survey, the OECD countries the decline in economic activity in the past few months on the impact of the supply chain of continuing down, be the first to bear the brunt of the Asia-Pacific area, and then spread to the african.(责任编辑：会计论文)>
But with the previous quarter vary, most of the financing pressure are concentrated in Asia Pacific and the middle east.
In the face of these challenges, the vast majority of types of value-added opportunities become more scarce, the investment environment slightly worse, especially in finance and business support. Investment itself remained stable, employment and human resources investment prospects even slightly better. Almost certainly, this new order is closely related with slow recovery.
The authors of the report, ACCA senior policy adviser schizas ( Manos Schizas ) said:" the latest reports focus of many, including: African and Asian economic power to mitigate this problem in the past few months has been becoming more and more prominent. Tightening restrictions in Western Europe has caused discussion, even if the new orders and employment is recovering, credit tightened again, cash flow is less likely."
" If these new trends hold, with high inflation, low investment, we may in the near future to see the degree of instability deepened further. The second half of 2011, whether in the office or the business http://www.328tibet.cn/shlunwen/ACCAlunwen/office of professional accountant will face more formidable challenge."
Japan earthquake crisis and slow recovery of the Asia-Pacific region of western low confidence level
The latest investigation shows that, since the ACCA two years ago to start the investigation since, Asia-Pacific area appeared for the first time the confidence level of net decline. In the main ACCA market, Hongkong and Malaysia are among the most notable impact. China confidence index was only slightly decreased. Only Singapore turn back the powers of darkness, the confidence to further enhance.
ACCA believe, this quarter's findings is mainly affected by Japanese earthquake disasters; overall, the Asia-Pacific region more respondents still believe, the global economic situation is improving or is better ( 49% ), took the opposite view in the ratio of 41%. But the report also pointed out, the Asia-Pacific region accountant in the past two years confidence grows more slowly, Asia's economic recovery has been influenced by western economic cachexia drag.
Inflation in the Asia-Pacific region to deepen. 71% of the respondents said that businesses and customers of the rising operating costs, the quarter this ratio was 62%. Of course, express concern about the trend is not only ACCA. Many countries in the region in charge of a branch to control the amount of credit. Investigation shows, credit growth is at the lowest level in 18 months. The area of the respondents he lowered the government term (5 year ) expenditure is expected to increase the control level, government efforts to prepare for inflation.
Because of tight monetary policy has continued, the Asia-Pacific region of the respondents financing channel problem is relatively on the quarter increased significantly ( 32%). Said revenue declined, exchange rate fluctuations lead to problems also increased the percentage of respondents. Fortunately, the problem has not caused to cash flow can not bear the pressure, the volume of business doesn't seem to he accelerated decline. However, on quarterly investment negative trend remains unchanged.(责任编辑：会计论文)>
Even so, accountants and company eyes still full of opportunities. The latest a quarterly show, respondents believe customer behior changes increase profit opportunities. Although last quarter demand in the doldrums, the respondents still think in the near future, the order will be increased.
ACCA 论文global economic situation survey of English edition of the full report please see:
最新全球经济形势调查显示，高通胀和低投资令世界经济复苏的步伐停滞不前、甚至有所倒退。
2011年5月16日到6月6日期间，共有2186名 ACCA 会员参与调查。其中，仅有26%的受访者表示信心有所增强，较三个月前的28%有所下降。57%的受访者称，经济环境转差或停滞不前，比三个月前的51%有所上升。
2011年第二季度虽然未再重复第一季度通胀水平飞速上升的局面，但却有54%的受访者（较上季度的51%有所提高）表示企业经营成本增加，与两年前在调查中提到通胀的受访者数量相比增加一倍。
调查显示，成本增加不仅限于增速最快的经济体。
马来西亚和巴基斯坦这些经济表现最佳的市场，同时也是通胀水平居前列的经济体。而受欧洲大陆的债务危机的影响，西欧国家也有45%的受访者提到成本增加，使得这一地区的企业信心和经济乐观程度双双垫底。
调查显示，面对通胀挑战，越来越多的企业表示已经无法通过削减成本予以应对。
约30%的受访者认为政府会出台正确的中期支出政策，但有16.5%的受访者担心支出水平过高或过低，且这一群体所占比例自2009年年末以来每个季度都在上升。
全球融资渠道在过去六个月内一再收紧，而且从成长资本和短期流动性来看都是如此。加上经营成本攀高，可能导致了更多受访者担心客户（31%）或供应商（15%）可能会倒闭，表示有逾期付款不足的受访者比例也有所增加（31%）。
虽然这些趋势令人担心，但财务专业人士的信心指数尚未恶化到令他们相信会出现新一轮经济衰退的地步。
过去两年间，非洲和亚太地区的财务专业人士自始至终都比其它地区的同僚更加乐观地看待经济复苏状况。这也令他们所服务的企业保持着较高的信心水平。
但是在本次调查中，这两个地区的信心水平低得出奇。亚太地区更出现了两年以来的首次信心净下降。香港和马来西亚受到的影响尤为严重。新加坡则力挽狂澜，信心进一步提升。
远东地区暗淡的景象反映出日本地震影响余波未平。而非洲的信心不振则主要受累于其它地区缓慢的经济增长。ACCA 全球经济形势调查结果显示，经合组织国家经济活动的减少在过去数月以来对供应链的影响不断下行，首当其冲的是亚太区，进而蔓延至非洲。(责任编辑：会计论文)>
但是与此前一个季度有所不同，绝大多数融资压力都集中在亚太和中东地区。
面对以上种种挑战，绝大多数类型的增值机遇愈发稀缺，投资环境略有转差，特别是就融资和商业支持而言。投资本身依然保持平稳，就业和人力资源投资前景甚至还略有好转。几乎可以肯定，这与新订单缓慢恢复不无关联。
报告作者、ACCA 高级政策顾问席察斯（Manos Schizas）说：“最新报告中关注的焦点很多，包括：亚洲和非洲的经济动力减弱这一不足在过去几个月以来越来越凸显。紧缩限制在西欧也引发探讨，即便新订单和就业正在复苏，信贷再次收紧、流变少也是可能发生的。”
“如果以上新趋势保持下去，加上高通胀、低投资，我们可能会在不远的将来看到不稳定程度的进一步加深。2011年下半年，无论是在事务所或企业任职的专业会计师都会面临更艰巨的挑战。”
日本震后危机和西方缓慢复苏拉低亚太地区信心水平
此次最新调查显示，自 ACCA 于两年前启动该调查以来，亚太地区首次出现信心水平净下降。在主要的 ACCA 市场，香港和马来西亚受到的影响尤为显著。中国大陆的信心指数则只有小幅下降。只有新加坡力挽狂澜，信心进一步增强。
ACCA 相信，本季度的调查结果主要是受到日本地震灾害的影响；总体而言，亚太地区更多的受访者仍然相信，全球经济形势正在改善或者即将有所好转（49%），持相反观点的比例为41%.但报告同时指出，亚太地区会计师在过去两年内的信心增长愈发缓慢，亚洲经济复苏也一直受到西方经济萎靡不振的拖累。
通胀在亚太地区全面加深。71%的受访者称企业和客户的经营成本上升，上季度这一比例为62%.当然，对这种趋势表示担忧的并非只有 ACCA.该地区很多国家的主管部门都在制约信贷发放量。调查显示，信贷增速正处于18个月以来的最低点。该地区的受访者纷纷调低对政府中期（5年期）支出的预计水平，为政府加大制约通胀力度做准备。
由于货币紧缩政策一再持续，亚太地区受访者中认为融资渠道出现不足的比例较上季度显著上升（32%）。表示收入下降、汇率波动导致出现不足的受访者比例也有所上升。所幸上述不足尚未对流造成不可承受的压力，业务量似乎也并没有加快下滑。不过，上季度出现的投资负面趋势依然没有转变。
尽管如此，会计师和企业眼前依然充满机遇。最新一个季度显示，受访者认为客户行为的转变增加了盈利机遇。虽然上季度需求低迷，受访者仍然认为在不远的将来，订单将会增加。
ACCA 论文(责任编辑：会计论文)>ACCA 全球经济形势调查英文版完整报告
(责任编辑：会计论文)
ACCA survey shows: high inflation and low investment to economic recovery
The latest global economic situation survey, high inflation and low investment to the pace of world economic recovery remain stagnant, or even retrogression.
May 16, 2011 to June 6th, a total of 2186 ACCA members to participate in the investigation. Among them, only 26% of the respondents indicated increased confidence, compared to three months ago 28% decline. 57% of the respondents said, the economic environment to deteriorate or remain stagnant, more than three months before the 51% rose.
In 2011 second quarter although did not repeat the first quarter inflation rapid rise situation, but 54% of the respondents ( relatively on the quarter 51% improved ) express enterprises operating costs increased, and two years ago in the survey mentioned inflation respondents compared to the number of double.
Investigation shows, cost increase is not limited to the fastest growing economy.
Malaysia and Pakistan the economic performance of the best market, but also in the forefront of economy inflation. By the European debt crisis, Western European countries also he 45% of the respondents mentioned cost increase, making the region 's business confidence and economic optimi degree both bottom.
Investigation shows, in the face of inflation challenges, more and more enterprises he to respond by cutting costs.
About 30% of respondents think the government will publish the correct medium-term expenditure policy, but 16.5% of the respondents worried about spending level is too high or too low, and the proportion of the population since the end of 2009 each quarter are on the rise.
Global financing channel in the past six months from repeated tightening, and growth capital and liquidity are so. Plus operating cost rising, may lead to more respondents worried customers ( 31%) or ( 15%) the supplier may collapse, expressed late payment problems also increased the proportion of respondents ( 31%).
Although these trends are worrying, but the financial professionals confidence index has deteriorated to the extent that they believe there will be a new round of economic recession.
Over the past two years, Africa and Asia-Pacific area financial professionals from first to last all than other regions of the counterparts more optimistic view of the state of the economic recovery. This also makes them serve the enterprises maintained a higher confidence level.
But in the present investigation, two regions of the extraordinarily low confidence level. The Asia-Pacific region more appeared first in two years of net decline in confidence. Hongkong and Malaysia is particularly vulnerable. Singapore turn back the powers of darkness, the confidence to further improve.
The Far East gloomy picture reflects Japan earthquake influence there are still repercussions. While African confidence not vibration is mainly involved in other areas of slow economic growth. ACCA global economic situation survey, the OECD countries the decline in economic activity in the past few months on the impact of the supply chain of continuing down, be the first to bear the brunt of the Asia-Pacific area, and then spread to the african.(责任编辑：会计论文)>
But with the previous quarter vary, most of the financing pressure are concentrated in Asia Pacific and the middle east.
In the face of these challenges, the vast majority of types of value-added opportunities become more scarce, the investment environment slightly worse, especially in finance and business support. Investment itself remained stable, employment and human resources investment prospects even slightly better. Almost certainly, this new order is closely related with slow recovery.
The authors of the report, ACCA senior policy adviser schizas ( Manos Schizas ) said:" the latest reports focus of many, including: African and Asian economic power to mitigate this problem in the past few months has been becoming more and more prominent. Tightening restrictions in Western Europe has caused discussion, even if the new orders and employment is recovering, credit tightened again, cash flow is less likely."
" If these new trends hold, with high inflation, low investment, we may in the near future to see the degree of instability deepened further. The second half of 2011, whether in the office or the business http://www.328tibet.cn/shlunwen/ACCAlunwen/office of professional accountant will face more formidable challenge."
Japan earthquake crisis and slow recovery of the Asia-Pacific region of western low confidence level
The latest investigation shows that, since the ACCA two years ago to start the investigation since, Asia-Pacific area appeared for the first time the confidence level of net decline. In the main ACCA market, Hongkong and Malaysia are among the most notable impact. China confidence index was only slightly decreased. Only Singapore turn back the powers of darkness, the confidence to further enhance.
ACCA believe, this quarter's findings is mainly affected by Japanese earthquake disasters; overall, the Asia-Pacific region more respondents still believe, the global economic situation is improving or is better ( 49% ), took the opposite view in the ratio of 41%. But the report also pointed out, the Asia-Pacific region accountant in the past two years confidence grows more slowly, Asia's economic recovery has been influenced by western economic cachexia drag.
Inflation in the Asia-Pacific region to deepen. 71% of the respondents said that businesses and customers of the rising operating costs, the quarter this ratio was 62%. Of course, express concern about the trend is not only ACCA. Many countries in the region in charge of a branch to control the amount of credit. Investigation shows, credit growth is at the lowest level in 18 months. The area of the respondents he lowered the government term (5 year ) expenditure is expected to increase the control level, government efforts to prepare for inflation.
Because of tight monetary policy has continued, the Asia-Pacific region of the respondents financing channel problem is relatively on the quarter increased significantly ( 32%). Said revenue declined, exchange rate fluctuations lead to problems also increased the percentage of respondents. Fortunately, the problem has not caused to cash flow can not bear the pressure, the volume of business doesn't seem to he accelerated decline. However, on quarterly investment negative trend remains unchanged.(责任编辑：会计论文)>
Even so, accountants and company eyes still full of opportunities. The latest a quarterly show, respondents believe customer behior changes increase profit opportunities. Although last quarter demand in the doldrums, the respondents still think in the near future, the order will be increased.
ACCA 论文global economic situation survey of English edition of the full report please see:
最新全球经济形势调查显示，高通胀和低投资令世界经济复苏的步伐停滞不前、甚至有所倒退。
2011年5月16日到6月6日期间，共有2186名 ACCA 会员参与调查。其中，仅有26%的受访者表示信心有所增强，较三个月前的28%有所下降。57%的受访者称，经济环境转差或停滞不前，比三个月前的51%有所上升。
2011年第二季度虽然未再重复第一季度通胀水平飞速上升的局面，但却有54%的受访者（较上季度的51%有所提高）表示企业经营成本增加，与两年前在调查中提到通胀的受访者数量相比增加一倍。
调查显示，成本增加不仅限于增速最快的经济体。
马来西亚和巴基斯坦这些经济表现最佳的市场，同时也是通胀水平居前列的经济体。而受欧洲大陆的债务危机的影响，西欧国家也有45%的受访者提到成本增加，使得这一地区的企业信心和经济乐观程度双双垫底。
调查显示，面对通胀挑战，越来越多的企业表示已经无法通过削减成本予以应对。
约30%的受访者认为政府会出台正确的中期支出政策，但有16.5%的受访者担心支出水平过高或过低，且这一群体所占比例自2009年年末以来每个季度都在上升。
全球融资渠道在过去六个月内一再收紧，而且从成长资本和短期流动性来看都是如此。加上经营成本攀高，可能导致了更多受访者担心客户（31%）或供应商（15%）可能会倒闭，表示有逾期付款不足的受访者比例也有所增加（31%）。
虽然这些趋势令人担心，但财务专业人士的信心指数尚未恶化到令他们相信会出现新一轮经济衰退的地步。
过去两年间，非洲和亚太地区的财务专业人士自始至终都比其它地区的同僚更加乐观地看待经济复苏状况。这也令他们所服务的企业保持着较高的信心水平。
但是在本次调查中，这两个地区的信心水平低得出奇。亚太地区更出现了两年以来的首次信心净下降。香港和马来西亚受到的影响尤为严重。新加坡则力挽狂澜，信心进一步提升。
远东地区暗淡的景象反映出日本地震影响余波未平。而非洲的信心不振则主要受累于其它地区缓慢的经济增长。ACCA 全球经济形势调查结果显示，经合组织国家经济活动的减少在过去数月以来对供应链的影响不断下行，首当其冲的是亚太区，进而蔓延至非洲。(责任编辑：会计论文)>
但是与此前一个季度有所不同，绝大多数融资压力都集中在亚太和中东地区。
面对以上种种挑战，绝大多数类型的增值机遇愈发稀缺，投资环境略有转差，特别是就融资和商业支持而言。投资本身依然保持平稳，就业和人力资源投资前景甚至还略有好转。几乎可以肯定，这与新订单缓慢恢复不无关联。
报告作者、ACCA 高级政策顾问席察斯（Manos Schizas）说：“最新报告中关注的焦点很多，包括：亚洲和非洲的经济动力减弱这一不足在过去几个月以来越来越凸显。紧缩限制在西欧也引发探讨，即便新订单和就业正在复苏，信贷再次收紧、流变少也是可能发生的。”
“如果以上新趋势保持下去，加上高通胀、低投资，我们可能会在不远的将来看到不稳定程度的进一步加深。2011年下半年，无论是在事务所或企业任职的专业会计师都会面临更艰巨的挑战。”
日本震后危机和西方缓慢复苏拉低亚太地区信心水平
此次最新调查显示，自 ACCA 于两年前启动该调查以来，亚太地区首次出现信心水平净下降。在主要的 ACCA 市场，香港和马来西亚受到的影响尤为显著。中国大陆的信心指数则只有小幅下降。只有新加坡力挽狂澜，信心进一步增强。
ACCA 相信，本季度的调查结果主要是受到日本地震灾害的影响；总体而言，亚太地区更多的受访者仍然相信，全球经济形势正在改善或者即将有所好转（49%），持相反观点的比例为41%.但报告同时指出，亚太地区会计师在过去两年内的信心增长愈发缓慢，亚洲经济复苏也一直受到西方经济萎靡不振的拖累。
通胀在亚太地区全面加深。71%的受访者称企业和客户的经营成本上升，上季度这一比例为62%.当然，对这种趋势表示担忧的并非只有 ACCA.该地区很多国家的主管部门都在制约信贷发放量。调查显示，信贷增速正处于18个月以来的最低点。该地区的受访者纷纷调低对政府中期（5年期）支出的预计水平，为政府加大制约通胀力度做准备。
由于货币紧缩政策一再持续，亚太地区受访者中认为融资渠道出现不足的比例较上季度显著上升（32%）。表示收入下降、汇率波动导致出现不足的受访者比例也有所上升。所幸上述不足尚未对流造成不可承受的压力，业务量似乎也并没有加快下滑。不过，上季度出现的投资负面趋势依然没有转变。
尽管如此，会计师和企业眼前依然充满机遇。最新一个季度显示，受访者认为客户行为的转变增加了盈利机遇。虽然上季度需求低迷，受访者仍然认为在不远的将来，订单将会增加。
ACCA 论文(责任编辑：会计论文)>ACCA 全球经济形势调查英文版完整报告
(责任编辑：会计论文)