Tuesday, November 25, 2014

25/11/2014: When Executives Abandon the Ship of Fools...

A bit of gas... same chart, one year distance.

McKinsey Global Institute regularly surveys top C-level executives and analysts as to their expectations (current and 6 months forward) for the economic conditions.

Specific question of interest is: "How do you expect your country's economy to be six months from now?"

Marking with blue line responses from the euro area and with red line responses from to full survey (worldwide) we have: a year ago responses citing improving conditions 6 months out were

And this year at the end of Q3 the responses were:

Oh dear... things are, allegedly, getting better.
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