Global economic conditions survey report: Q2, 2011

Finance professionals’ confidence in the prospects of their own organisations fell for the third consecutive quarter in the three months to June, and their responses suggest the recovery is still stuck in reverse. Of the 2,186 ACCA members surveyed between 16 May and 6 June, only 26% reported confidence gains, down from 28% three months ago, and 57% believe that economic conditions are either deteriorating or stagnating, up from 51%. Despite these disappointing trends, confidence figures are not yet suggesting a renewed downturn, and government approval has remained low but stable.