UK Only Article:
Made in China?
Higher political risk means rising spirits for defence firms
THE world economy is on the mend, according to executives surveyed in the latest quarterly poll of 1,500 senior managers carried out for The Economist and the Financial Times by the Economist Intelligence Unit, our sister company. The balance of respondents who think business conditions are improving has risen to 16 percentage points, up by 3 from the end of 2014.
Yet this stable outlook hides a shift in the concerns of business leaders. The proportion of executives saying that political risk is one of their main worries has crept up from 36% a year ago to 42% now. Fears of a cyber-attack or breach of information security have also risen.
Where others see risk, managers in the aerospace and defence industry see opportunity: they are now more upbeat than counterparts in all other types of business surveyed. It may be that they foresee an end to years of cuts in Western defence budgets, coupled with …<div class="og_rss_groups"></div>