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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 First Quarter 2025 Survey
- Confidence among global accountants and financial professionals remained at its lowest since Q2 2020 amid external economic threats.
- Confidence fell significantly in North America among a huge fall in the U.S. Confidence in North America is at its lowest ever and in the U.S., it is at its second lowest.
- Although the economy remained the highest overall, the responses across sectors stood out. For example, cybersecurity was the highest for financial services and tied for first with talent scarcity for the public and not-for-profit sectors. The corporate sector ranked economic woes first and geopolitical instability a tight second.
- Geopolitical risks came in second overall – the first time it was above third – with respondents in the U.S., especially, commenting on the implications of new changes.