A recent survey by ACCA and IMA has shown that finance professionals are optimistic about the global economy, with rising indicators for new orders and employment. Despite concerns about rising operating costs, confidence in the Asia Pacific region has surged, reflecting trust in the US economy and positive signs in the global market. Western Europe has also seen a moderate rise in confidence, hinting at stabilization after recent economic weakness. However, Jonathan Ashworth, Chief Economist at ACCA, cautions against celebrating too soon as the global economy still faces risks and challenges. Below-average growth is expected in 2024, and major central banks should proceed cautiously with any monetary easing due to high concerns about costs. Rising operating costs are a significant concern especially in Africa, Asia Pacific, and South Asia. The study also highlights growing talent scarcity and increasing cybersecurity risks as major issues for businesses worldwide.
Global Economy Optimism on the Rise, But Financial Pros Warn of Operating Cost Concerns and Monetary Easing Risks
