Capital Confidence Barometer, April-October 2011
Two-thirds (66%) or participants are optimistic about their local economy, up from 64% in October 2010.
Boardrooms bullish on recovery
Confidence in the global recovery has surged since October 2010. Buoyed by high equity values, stabilizing capital markets and low interest rates, we are now seeing the first significant increase in confidence from respondents in 18 months.
How long does your organization expect the financialcrisis to persist in your industry?
Almost 60% of executives now think that the global economy will have recovered by April 2012. Nearly a fifth (17%) believe that the financial crisis is already over.
|17% || || |
For the first time, we asked, “Does your organization believe the global financial crisis is over?” 17% said “Yes.”
Survey respondents are even more positive when viewing the outlook through an industry lens. A third (33%) say the financial crisis is over in their sector, and 78% expect the recovery to be well under way in the next 12 months.
How long does your organization expect the financialcrisis to persist in the broader economy?
|48% || |
of technology and 45% of oil and gas sector participants believe the financial crisis is over in their sectors.
Participants also remain upbeat about their local markets. Two-thirds (66%) are optimistic about their local economy, up from 64% in October 2010. Levels of confidence in Germany and China remain high.
|64% || || |
of companies in the US are now more optimistic, compared with 54% six months ago.
The survey reveals a surprising decrease in confidence in India and Russia. The UK (48%) and Spain (40%) show the lowest levels of confidence around the world.
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