Spending across countries has softened, with the exception of Russia. Meanwhile, consumer confidence has gradually been improving, but remains patchy and low. Currently, the smallest share of executives since June 2021 is expecting interest rates to increase in their countries. However, perspectives on the interest rate environment are evolving, with 21% identifying rising interest rates as a risk. India is notably positive: respondents are much more bullish about their economy, with 85% saying conditions have improved compared to six months ago, up from 46% in March.Īt the same time, inflation and geopolitical instability continue to top the list of perceived risks to global and domestic growth: 35% of respondents cite inflation as a risk to economic growth in their country, while 34% flag geopolitical instability and conflict.
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