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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.
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.
