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The Global Economic Conditions Survey (GECS) is one of the most comprehensive surveys of its kind, both for its number of respondents and for the range of economic variables it monitors. IMA and ACCA members from around the world share their insider views on the macro-economic environment as they see it. Within themed countries and regions, the GECS is regarded as a good predictor of GDP growth. Its correlations with the VIX, or “fear,” index are well-established. It is a trusted source for gauging the overall performance of the global economy.
Three levels of analysis are provided:
- Global: Providing an overall picture of respondent confidence
- Thematic: Weighing in on socio-political trends
- Regional: Interpreting policy changes, government actions, and current events in 9 regions
Key Findings of the Fourth Quarter 2024 Survey
- Confidence among global accountants and financial professionals fell sharply amid economic uncertainty on the horizon in 2025.
- Confidence fell markedly in Western Europe and is at its weakest in the region since Q3 2022.
- In the midst of a strong global economy, the New Orders and Capital Expenditure Indexes recorded small gains.
- The top risk priorities in the quarter for accountants included the economy, talent scarcity, regulatory change, and cybersecurity.