Check Out Line: Global view of bleak economy
Check out the bleak view of the global economy.
Expectations for the global economy have fallen to their lowest level in almost 18 years, according to the Ifo economic research institute, a Munich-based think tank.
Based on a survey of 1,025 economic experts in 92 countries, the expectations component of the group’s latest survey was 61.4 percent, the lowest reading since the final quarter of 1990.
The overall economic climate index also fell, hitting it lowest level in almost seven years.
The good news is that the the economic climate has not gotten worse in North America.
The bad news is that it has gotten worse in Western Europe and Asia, areas where U.S. based companies have done well while the U.S. economy sputtered.
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(Photo: Reuters)
