2014 American Express/CFO Research Global Business and Spending Monitor: Global Economy Remains on Track for Recovery

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For the first time since 2010, the Global Business and Spending Monitor showed that the differences in economic expectations for regions around the globe were starting to converge. Senior finance executives from Europe were finally starting to see some indications of a brighter future, raising their level of optimism. At the same time, expectations in the historically hard-charging regions of Latin America and Asia began to moderate, though they remained relatively confident in predicting growth. While some finance executives continued to sound a note of caution in light of previous years’ volatility, this uptick in growth expectations was largely reflected in executives’ spending and investment plans.

The 2014 Global Business and Spending Monitor yielded the following key findings:

  • Business confidence in Europe jumped in 2014, following several years in which it lagged other regions.
  • While economic expectations moderated somewhat for emerging economies, they remained the most aggressive on investment plans.
  • Respondents were most likely to increase spending on technology and personnel in the coming year.