OPTIMISM RETURNS
The results of the latest Global Economic Conditions Survey suggest that finance professionals are ready to call the bottom of the global economic downturn and believe that recovery should be possible within the next 18 months. Loss of business confidence has slowed substantially, coming to a virtual halt in key areas such as the Asia Pacific region, and even reversing in key sectors such as small and medium sized enterprises (SMEs) and large financial services firms.
Finance professionals, however, also point to the significant downside risks attached to such forecasts. More→