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Sunday, May 31, 2009

Which countries best survived the Economic Crisis?

Yes, India is one of the top 3 countries that survived this downturn very well.

Below are the full results from the Servcorp International Business Confidence Survey which was conducted in April 2009 over a period of two weeks.

Australia and China took 1st and 2nd place respectively, while India came in at 3rd along with Singapore.

Surprisingly, Except Canada none of of the western countries made it to top 10!

Most of the developing nations emerged favorites among international businessmen for their ability to withstand the recession. Out of 36 countries listed by Servcorp International, 21 countries are emerging market economies.

International Perspective:
The countries perceived to be surviving the economic crisis the best, as voted by international businesspeople are:

Rank
1st -  Australia

2nd - China

3rd equal - India, Singapore

5th - Hong Kong

6th - Canada

7th equal - Japan, Qatar

9th - New Zealand

10th equal - Malaysia, Sweden, Vietnam

13th equal - Netherlands, United States of America

15th - Indonesia

16th - South America

17th - France

18th equal - Belgium, England, Korea, South Africa

22nd equal - Austria, Taiwan

24th equal - Czech Republic, Germany, Ireland, Lebanon, Russia, United Arab Emirates

30th equal - Brazil, Morocco, Philippines, Scotland, Sri Lanka, Syria, Thailand

The survey was commissioned to understand the current mood, business morale and impact the economic downturn has had on businesses around the world. As part of the survey, Servcorp asked 7,500 international businesspeople from more than 24 nations to identify which countries they believe are surviving the crisis the best.

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