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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 Second Quarter 2025 Survey
- Confidence among global accountants and financial professionals ticked up slightly in Q2 2025, the first increase since mid-2024. However, overall sentiment remains weak by historical standards.
- North America saw a modest rebound in confidence, particularly in the U.S., but it still hovers near record lows due to high import tariffs and persistent policy uncertainty. Confidence rose somewhat in Western Europe but fell sharply in Asia Pacific.
- Geopolitical instability emerged as the top global risk for the first time in survey history, surpassing economic volatility.
- Operating cost pressures eased globally, but concerns remain elevated in North America and Western Europe.