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    YPO  537  0 Kommentare EU business leaders remain the most confident in the world, while global economic confidence declines

    The powerful combination of record low interest rates, a sharp drop in the value of the euro, and plunging oil prices drives confidence in Europe

    LONDON - 9th February 2016 - Confidence amongst CEOs across the EU remained steadfastly confident in the final quarter of 2015 as business leaders in the region reported higher levels of optimism about business and economic conditions than their counterparts around the world for the second quarter in a row. The YPO Global Pulse Confidence Index for the EU rose to 60.5, up from 60.2 in the third quarter.

    For the second consecutive quarter, EU business leaders recorded the highest levels of confidence around the world, as the outlook in many other regions remained relatively cautious. With the powerful combination of record low interest rates, a sharp drop in the value of the euro, and plunging oil prices, confidence in Europe is on an upswing, reflecting improved growth prospects for the region. According to the IMF, GDP growth in Europe in 2016 is projected to be 1.9%, which would be the fastest pace of expansion since 2010.

    The YPO Global Pulse Index composite score remained steady at 58.0, its lowest level since the third quarter of 2011, at the height of the global economic recession. Confidence in the United States remained relatively optimistic at 59.1, while Africa dropped 3.3 points to 51.0. Only Asia, which edged up 2.4 points to 59.7, and Latin America, which jumped 4.8 points to 54.4, recorded any material increase in economic confidence.

    "Despite the increasing levels of economic, social and political uncertainty around the world, business leaders in the EU continue to be fairly optimistic about their immediate prospects. Near-zero interest rates in many EU countries, a weaker euro to boost exports, and rock-bottom oil prices, are all serving to stimulate growth, create jobs and boost investment," said Sophie Eykerman, CEO of Sterop, a member of the YPO Brussels Chapter and YPO Europe's regional education chair. "As 2016 progresses, with many economic indicators suggesting a global economic slowdown is imminent, it will be interesting to see what impact this has on sentiment within the EU. It goes without saying that business leaders will be closely monitoring the situation in China and many other parts of the world."

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    YPO EU business leaders remain the most confident in the world, while global economic confidence declines The powerful combination of record low interest rates, a sharp drop in the value of the euro, and plunging oil prices drives confidence in Europe LONDON - 9th February 2016 - Confidence amongst CEOs across the EU remained steadfastly confident in …