World economic confidence at 10 year high, poll finds

  • 17 February 2004

Global economic confidence is at a ten year high, according to the results of the latest ICC/Ifo World Economic Survey, with sustained growth expected in all regions of the world.

The overall economic climate indicator of the joint ICC/Ifo poll, conducted in January 2004, hit 7.3 out of a possible 9 – its highest level since 1985, pointing to a pronounced upswing of the world economy.

The poll surveyed some 1,114 economic experts in 92 countries. Jointly conducted by the Paris-based International Chamber of Commerce (ICC) and the Munich-based economic research institute, Ifo, the survey is the onl y one of its kind to give a global overview of business confidence.

The poll found that the favorable global conditions are also expected to have beneficial effect on export/import performance worldwide and thus on the world trade.

Other notable poll outcomes included: