Experts' confidence in economy dismal
Fin24 - Nov 17th 2011, 08:38
Johannesburg - Seventy percent of international experts have a pessimistic outlook on the global economy, according to a new survey conducted by the World Economic Forum (WEF). In addition, 60% expressed little confidence in government leaders to deal with global risks.
The Global Confidence Index polled more than 1 200 experts from business, government, international organisations and academia, who are members of the WEF's Network of Global Agenda Councils.
In the little bit of good news, one-third of respondents expressed confidence in global cooperation, up from 20% just three months ago.
One-quarter of all respondents, and more than one-third of those living in sub-Saharan Africa, named the public debt crisis the most important global trend, followed by the uncertain economic outlook, global power shifts and the digital revolution.
"Looking at the European situation, it seems clear that optimism in the global economy will return when structural economic challenges are met with credible political solutions," said Lee Howell, managing director at the WEF and head of its Risk Response Network, which published the results.
Ghana slips 11 places in global competitiveness report
11/09/2013 - 09:35
The environment for doing business in Ghana in 2012 was far better than this year; that is according to the Executive Opinion and Global Competitiveness Report.
Zambia ranked 7th competitive economy in Africa and 93rd in the World
09/09/2013 - 10:28
The World Economic Forum (WEF) has ranked Zambia as one of the top 10 most competitive economies in Africa for 2013.
Consumer confidence still low - report
01/08/2013 - 10:16
Johannesburg - The drop in consumer confidence might have been exaggerated, according to the latest FNB [JSE:FSR] and BER Consumer Condifence Index (CCI).
R900m pledge for digital jobs in Africa
10/05/2013 - 08:35
The Rockefeller Foundation will pledge close to US$100 million (R900m) to create digital field jobs in Africa, it was announced at the World Economic Forum on Africa on Thursday (9 April).
Global consumer confidence dips
05/02/2013 - 08:09
London - Global consumer confidence dipped at the end of last year, a survey showed on Monday, and more than 60 percent of respondents said the next 12 months would not be a good time to spend.