• Home
  • Home
  • Daily Papers
  • Awards / Events
  • GlobalCapital
  • Free Trial
Close

Copying and distributing are prohibited without permission of the publisher.

Watermark
  • Print

Economic confidence up, closer to optimism

By Emerging Markets Editorial Team
15 Apr 2013

Confidence in the global economy has increased over the past three months, a poll by the World Economic Forum shows

The WEF's Economic Confidence Index rose to 0.48 during the first three months of the year from 0.43 in the previous quarter, much closer to the 0.5 value that would lift it in positive territory.

The result puts the index back in neutral territory for the first time since it fell into low-confidence territory in the third quarter of last year.

The survey polled 304 experts from government, international organizations, academia and business, asking them about their confidence in the state of the world over the next 12 months.

The confidence index is calculated by taking the average of five values from 0 to 1, with 0 corresponding to "not at all confident" and 1 to "very confident" about the state of the world.

"It looks as though the worst is over and experts are not too worried about a double-dip recession of the world economy, as a whole," Martina Gmür, senior director of the Forum’s Global Agenda Council, said in a statement.

"But, while the economic index has seen an improvement over three consecutive quarters and is now back at its peak from one year ago, it is worth remembering that, back then, the eurozone crisis was already in full swing; and the index has so far not crossed over into positive territory."

 More from Emergingmarkets.org
 Inflation is 'the dog that didn't bark': IMF
 US recovery 'made of sterner stuff' this year
 Gold price to fall 15% this year: strategists
The percentage of respondents saying they were either "confident" or "very confident" about the global economy's prospects rose to 31% from 23% in the first quarter; 34.5% were "neutral" or "not confident or not at all confident," compared with 34% and 43% in the previous quarter respectively.

Among the types of disruption that experts felt were "likely or very likely," geopolitical disruption was ranked first, with 51.6% of the responses, followed by economic disruption with 47.7% and societal disruption with 42.4%.

The first Global Confidence Index quarterly report was released in September 2011. Today's is the eighth successive release.
 
- As every year, Emerging Markets will report live from the Asian Development Bank and the EBRD meetings taking place in Delhi and Istanbul in May. Pick up your copy of the newspaper at the meetings, download the free app for live updates, check out our website and follow us on twitter @emrgingmarkets

By Emerging Markets Editorial Team
15 Apr 2013
  • HOME
  • GLOBALMARKETS
  • Latest news from GlobalMarkets

    1. EM debt pressures build as IMF calls for ‘early’ action on restructuring

      15 Oct 2020
    2. Post-Covid world will demand ‘new more humane’ capitalism

      15 Oct 2020
    3. IADB to roll out hurricane clauses as small state pleas gain traction

      15 Oct 2020
    4. IMF will need Bank’s help to fulfil climate ambition

      15 Oct 2020
    5. Biden victory to boost Asia but China tensions to remain

      15 Oct 2020
  • Most viewed: GlobalMarkets

  • Print
  • Latest news from GlobalMarkets

    1. EM debt pressures build as IMF calls for ‘early’ action on restructuring

      15 Oct 2020
    2. Post-Covid world will demand ‘new more humane’ capitalism

      15 Oct 2020
    3. IADB to roll out hurricane clauses as small state pleas gain traction

      15 Oct 2020
    4. IMF will need Bank’s help to fulfil climate ambition

      15 Oct 2020
    5. Biden victory to boost Asia but China tensions to remain

      15 Oct 2020
  • Most viewed: GlobalMarkets

Further reading

  • Asset owners to attempt daring, immediate emission cuts

    SRI / Green Bonds

    Asset owners to attempt daring, immediate emission cuts

  • CS appoints global head of renewables

    People News

    CS appoints global head of renewables

  • Trafigura causes a stir with debut Schuldschein

    Private Debt

    Trafigura causes a stir with debut Schuldschein

  • Corporate social bonds to take off, in varied formats

    SRI / Green Bonds

    Corporate social bonds to take off, in varied formats

Global Capital

All material subject to strictly enforced copyright laws. © 2020 Euromoney Institutional Investor PLC group

About Us

  • About us
  • Contact us
  • Modern Slavery Act Transparency Statement

Connect with us

  • LinkedIn
  • @GlobalCapNews

Services

  • Advertise
  • Our partners
  • RSS
  • GlobalCapital Events
  • Events calendar
  • Social community

My Account

  • Renew
  • Subscribe
  • FAQ
  • Feedback
  • Terms and Conditions
  • Privacy Policy
  • Cookies

Quick Links

  • All League Tables
  • Bank Profiles
  • Bond Comments
  • Deals & Deal Pipelines
  • Polls and Awards
  • GlobalCapital Archive
  • Special Reports Archive