The Global Economy As A Positive Sum - very valuable
Cyclical and small cap names, which generally benefit the soonest as an economy recovers from a recession, led the way higher, with energy, industrial and financial the top-performing sectors. The Russell index of small cap stocks gained 2. Analysts cautioned, however, that there were still some near-term headwinds facing the market, including a continued rise in coronavirus cases and uncertainty over a possible fiscal stimulus package to support the economy before any vaccine could be distributed. The MSCI World Index of global shares, building on strong overnight gains in Asia's leading markets managed to extend gains after the Moderna announcement to hit an intraday record of The Dow Jones Industrial Average rose The Global Economy As A Positive Sum
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The online survey was in the field from October 12 to October 16,and garnered responses from 2, participants representing the full range of regions, industries, company sizes, functional specialties, and tenures. Outlooks on the economy and company prospects have remained more positive than negative, though optimism on the global economy has tempered Exhibit 1.
The share of respondents expecting global conditions to improve has decreased to 51 percent. But the share predicting that conditions will stay the same has increased since September, while the share expecting worsening conditions—which remains at the lowest level since the COVID outbreak was declared a pandemic in March—has not changed.
A majority of respondents 57 percent also expect the global growth rate to increase over the next six months, as was the case in September. Outlooks AAs to brighten in all but two regions Exhibit 2. One of these is Greater China, 3 3. Includes Hong Kong and Taiwan. The second region where outlooks have moderated is Europe.
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At the global level, respondents also choose scenario A1 most often, as they have since April. However, scenario B2—marked by virus recurrence and slow long-term growth—has replaced B1 as the second-most-cited scenario for the world economy.
A similar share—56 percent—predict that customer demand will increase. The online survey was in the field from August 31 to September 4,and garnered responses from 1, participants representing the full range of regions, industries, company sizes, functional specialties, and tenures.]
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