Adrian Johnson
TLDR:
- Accountants and finance professionals are more confident in the global economy than they have been since early 2023.
- The latest ACCA and IMA Global Economic Conditions Survey shows a moderate increase in confidence.
Accountants and finance professionals are feeling more optimistic about the global economy, with confidence reaching levels not seen since early 2023. The latest ACCA and IMA Global Economic Conditions Survey shows a moderate increase in confidence, putting the index just above its historical average. While the Capital Expenditure Index saw a small decline, New Orders and Employment indices are slightly above their averages, painting a positive picture of a gradually improving economic outlook.
Significant gains in confidence were reported in most regions, with Asia Pacific showing the third largest rise on record. The moderate rise in confidence in Western Europe also suggests improvement in growth. However, concerns about increased operating costs have risen globally, with talent retention risks and cybersecurity being viewed as significant threats.
Overall, the survey points to some improvement in global growth, but urges caution due to various risks and challenges that the global economy still faces. While optimism about the U.S. economy is growing, major central banks are advised to proceed cautiously with any monetary easing.
For more information on the report and to access the full findings, visit here.
