Amidst the negative impacts associated with a high dollar, the effects of natural disasters — in Queensland, New Zealand and Japan — political instability in the Middle East and North Africa, and continuing European debt worries, it is encouraging that respondents are still optimistic about the future.
Are we there yet?
The Global Financial Crisis (GFC) in the broader economy is over according to 13% of Australasia respondents.
And those respondents who believe we aren’t quite there remain optimistic, with 56% stating that the impact of the GFC will be over by April 2012, and a further 58% saying they are more optimistic about the prospects for their business.
How long does your organisation expect the financial crisis to persist in the broader economy?
Despite this positive sentiment, optimism levels are lower than the previous year. However amidst the negative impacts associated with a high dollar, the effects of natural disasters — in Queensland, New Zealand and Japan — political instability in the Middle East and North Africa, and continuing European debt worries, it is encouraging that respondents are still optimistic about the future.
Australasia: compared to 6 months ago how do you feel about the prospects for your company?
The outlook for industry is even more positive
| 29% |  | of Australasian respondents say the financial crisis is over in their industry and 56% expect the downturn to end in the next 12 months. |
Technology and oil and gas fared the best with almost half of global respondents in those sectors (48% and 45% respectively) saying that they had come through the other end, and the GFC was behind us.
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