The phrase "favourable environment" means a situation or place that provides helpful and positive conditions for something to happen or thrive. Full definition
At the same time, with international data indicating a significant expansion in most parts of the global economy, a more favourable environment for export growth is emerging. (rba.gov.au)
At the moment, several countries are creating favourable environments for cryptocurrencies to spread. (coinstaker.com)
If the current global recovery were to lose momentum, it would mean a less favourable environment for growth of the Australian economy, and thus lower inflation outcomes in the medium term. (rba.gov.au)