Although dropping sharply among financial professionals, global confidence levels remain above the low-point reached at the height of the Covid-19 pandemic, suggesting that a global recession could be avoided.
Economic confidence among finance professionals and accountants in North America has dropped to levels seen during the height of the Covid-19 pandemic in 2020, according to the Institute of Management Accountants (IMA), which has just released its quarterly Global Economic Conditions Survey (GECS) report for 2Q2022.
The survey, whose results suggest that weak worldwide economic growth looks likely for the rest of 2022, took place between June 8 and 17 with 949 responses from the Association of Chartered Certified Accountants (ACCA) and IMA members, including over 100 CFOs.
