KARACHI - The CGMA Global Economic Forecast, a quarterly survey of more than 600 senior management accountants from around the world, has found a cautious level of optimism for the global economy over the coming 12 months.
The overall index score is up seven points to 65, from 58 in the last quarter, according to research from the Chartered Institute of Management Accountants (CIMA) and the American Institute of Certified Public Accountants (AICPA), says a press release.
The Index is compiled as an aggregate of ten economic dimensions on a scale from 0 to 100, with 50 considered neutral and numbers above that indicating positive sentiment. The ten factors include: global economic optimism, domestic economic optimism, organisational optimism, plans for expansion, revenue, profits, headcount, spending on IT, other capital and training and development.