New York—Nearly half of senior executives do not expect the global economy to recover until 2013 or later, according to a survey by Doremus and the Financial Times.
The annual “Decision Dynamics” survey, which Doremus and the Financial Times
have been conducting since 2003, was based on an online survey of 628 senior executives in the fourth quarter.
It found that only 4% expect the global economy to recover this year; 12% by the first half of next year; 28% by the second half of next year; 46% by 2013 or later; and 10% don't know.
Also, 60% of executives surveyed said they expect further decline in the global economy over the next six months.