Executives are increasingly positive about current economic conditions at both the global and national levels, according to our most recent survey on economic conditions.1 The future of the eurozone economy remains uncertain—60 percent expect a minimal contraction or recession there within the next six months—but, compared with three months ago, significantly larger shares of executives around the world expect improving conditions in their own countries. Concern about sovereign-debt default as a barrier to growth is down, while worries about commodity prices and geopolitical instability are up since December.
