A recent study by ACCA and IMA has brought to light that finance professionals are showing optimism towards the global economy. The Global Economic Conditions Survey (GECS) indicates a rise in confidence, with indicators for new orders and employment also showing positive trends. Despite concerns about rising operating costs, this suggests a gradually improving outlook.
Jonathan Ashworth, Chief Economist at ACCA, has expressed caution about celebrating too soon. While the global economy is showing positive signs, there are still risks and challenges to be faced. With below-average growth expected in 2024, major central banks should proceed with caution when considering any monetary easing.
The study shows that rising operating costs are a significant concern, especially in Africa, Asia Pacific, and South Asia. In addition to this, talent scarcity and increasing cybersecurity risks have been highlighted as major issues for businesses worldwide. Despite these challenges, it’s important to recognize the potential for growth and take steps towards mitigating risks to ensure a stable economic future for all.
