Global economic activity could return to pre-Covid level before end of this year

The global economy is bouncing back in terms of confidence, orders, employment and spending, according to the latest ACCA and IMA Global Economic Conditions Survey (GECS).

The survey of 1,000 senior accountants and finance professional across the world recorded the biggest jump in economic confidence this quarter in the 12 years it has been running. The balance of those more optimistic minus those less optimistic increased by 26 points in this survey.

The GECS is consistent with the view that the global economy stands a good chance of reaching its pre-pandemic level of activity later this year.

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