The largest regular economic survey of accountants around the world jointly carried out by IMA and the ACCA (Association of Chartered Certified Accountants).
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 2017 GECS
- Economic confidence dipped slightly in the final quarter of 2017, and is now at its lowest level since Q4 2016.
- North America and South Asia were the fourth quarter’s most confident economic regions.
- Confidence levels were lowest in the Middle East and the Carribean.
- Confidence in North America improved significantly in the final quarter of the year, with 31% of respondents saying they are more confident about the future, compared with 26% who are feeling less confident.