{"id":2548,"date":"2021-11-30T09:00:00","date_gmt":"2021-11-30T09:00:00","guid":{"rendered":""},"modified":"2023-05-06T10:24:19","modified_gmt":"2023-05-06T10:24:19","slug":"dun-bradstreet-optimistic-about-the-economy-finds-it-in-better-shape-now","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/dun-bradstreet-optimistic-about-the-economy-finds-it-in-better-shape-now\/","title":{"rendered":"Dun & Bradstreet optimistic about the economy, finds it in better shape now"},"content":{"rendered":"
<\/div>\n

Just when the markets were skyrocketing, economy was gaining momentum, and money trickling in, reports of Omxicron \u2013the newest strain of the coronavirus appeared.<\/p>\n\n\n\n

Does this feel like the beginning of the third-wave of COVID-19?<\/p>\n\n\n\n

This time around, the government is alert and has taken pre-emptive steps like barring international travel to 14 countries including the UK, South Africa, some parts of Europe, etc.<\/p>\n\n\n\n

Pfizer, BioNTech, Moderna, Johnson & Johnson, and AstraZeneca have begun studying the virus to protect against the strain. Proactive steps now will help us fight the virus better.<\/p>\n\n\n\n

In the meantime, rapid growth in several sectors since the easing of lockdown has left the markets buoyant and businesses optimistic about recovery in the final quarter of this calendar year.<\/p>\n\n\n\n

Data shows this quarter will be the highest since the second quarter of CY2014. The construction sector is optimistic about its selling price, inventory, and hiring.<\/p>\n\n\n\n

Adding a boost to this positive outlook is the Dun & Bradstreet Composite Business Optimism Index (BOI). The BOI for the final quarter stands at 94.6%, 27.4% higher than Q3CY2021. Per the survey, five out of six indices \u2013the volume of sales, net profits, selling prices, new orders, inventories, and employees have grown compared to Q3 levels.<\/strong><\/p>\n\n\n\n

The Dun & Bradstreet\u2019s Global<\/a> Chief Economist says, \u201cGDP growth during October-December quarter of 2021 will be strong as the BOI surged to an eight-year high.\u201d<\/strong><\/p>\n\n\n\n

Per the survey, 79% of the respondents expect the sales volume to increase in Q4 2021 compared to the 67% in Q3 2021. 62% of the respondents expect net profits to grow in Q4 2021, compared to 48% of respondents in the previous quarter.<\/p>\n\n\n\n

The director of National Institute of Public Finance and Policy, Pinaki Chakraborty<\/strong>, believes the current macro-economic situation in India is better than a year earlier. He anticipates growth despite elevated inflation<\/a> owing to significant economic and financial <\/a>expansion in the last 18 months and the looming COVID-19 third wave.<\/p>\n\n\n\n

The IMF forecasts a growth rate of 9.5% in 2021 and 8.5% in 2022.<\/p>\n\n\n\n

What is fuelling this positive outlook? <\/strong><\/p>\n\n\n\n

There can be several reasons why businesses believe the Q4 will be better for business, but the top few reasons are-<\/p>\n\n\n\n