Economic Confidence Among Finance Professionals Continues Rising in North America Despite Stalling Globally in Q2
Sentiment at the global level remains around its long-term average, as do the key indices--new orders, Capital expenditure and employment--while those key indices rose in the North American market. In contrast, confidence fell sharply in Asia Pacific and export-sensitive Western Europe.
- Finance professionals' economic confidence continued rising in North America through Q2 despite stalling globally.
- Published quarterly, GECS is the largest regular economic survey of accountants carried out globally.
- The report explores how ongoing aggressive interest rate hikes by central banks, and China's weaker than expected economic recovery, have likely weighed on confidence.
- Indices measuring global problems accessing finance and securing prompt payment both deteriorated in Q2, although neither looks particularly worrying yet by historical standards.