Global economic confidence hits 10-year high, says study
DUBAI, April 29, 2021 A new Global Economic Conditions Survey (GECS) of 2021 Q1 by ACCA (the Association of Chartered Certified Accountants) and IMA (Institute of Management Accountants) found the largest jump in global confidence in the last decade. The GECS also shows a significant improvement between the 2020 Q4 survey conducted last December and the 2021 Q1 survey in March. The authors note that the regulatory approval of several highly effective vaccines against COVID-19 and the subsequent introduction of vaccination plans in many countries has put a permanent solution to the health crisis within reach. Activity indicators covering orders, capital spending, and employment all increased to some degree in the first quarter of this year – closely mirroring the level of confidence in the last quarter of 2019 before the pandemic struck.
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Global economy bouncing back after covid19
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In this December 24, 2020, people do their Christmas shopping on Charlotte St, Port of Spain. According to the latest ACCA and IMA GECS survey, the global economy is bouncing back in terms of confidence, orders, employment and spending. - Photo by Ayanna Kinsale
The global economy is bouncing back in terms of confidence, orders, employment and spending, according to the latest ACCA and IMA Global Economic Conditions Survey (GECS).
The survey of 1,000 senior accountants and finance professional across the world recorded the biggest jump in economic confidence this first quarter (Q1) in the 12 years it has been running. The balance of those more optimistic minus those less optimistic increased by 26 points in this survey.