Rising inflation and flat investment have kept the world’s economic recovery stuck in reverse, the latest Global Economic Conditions Survey from ACCA (the Association of Chartered Certified Accountants) has shown.
Of the 2,186 ACCA members surveyed between 16 May and 6 June 2011, only 26% reported increased confidence, down from 28% three months ago, with 57% saying that economic conditions are either deteriorating or stagnating, up from 51% only three months ago.