The world’s economic climate is brightening, restoring hopes for global recovery after a cautious third quarter, reveals a World Economic Survey published today by the International Chamber of Commerce (ICC) and the Munich-based economic research institute Ifo.
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Results of the ICC-Ifo World Economic Survey, released today, reveal declining optimism over global economic recovery as fear continues to spread about the unsolved debt crisis in Europe.
Results of the ICC-Ifo World Economic Survey, released today, showed a fresh rise in the climate indicator during the second quarter of 2012, reaching 95.0, up from 82.4 in the previous quarter, and confirmed a trend towards recovery in the world economy.
After two quarters of successive decline, the global economic climate has begun to improve, although it still remains significantly below its long-term average, according to the latest World Economic Survey (WES), published today by the International Chamber of Commerce (ICC) and the Munich-based Institute for Economic Research (Ifo).