21 Jul 2011

The latest research from the Grant Thornton International Business Report (IBR) reveals that one privately-owned company out of five (22%) globally believes that the recent upheaval in the Middle East and North Africa has had a negative impact on their business. Ed Nusbaum, President and CEO of Grant Thornton International, discussed this statistic on Bloomberg. As for North America, one quarter (26%) of companies have also reported negative effects.

However, only 10% of companies globally say they are less likely to develop business in these regions. Mr. Nusbaum concludes that, in light of these results, companies still see real business opportunities in this part of the world for the mid- and long-term.