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A modest setback on the global economic front as confidence in the world economy fell in February on concern worsening fiscal conditions in selected countries will hinder the global recovery, a new Bloomberg News survey indicated.

The Bloomberg Professional Global Confidence Index (BPGCI) fell to 54.9 in February from a record-high 66.6 in January, Bloomberg News reported Wednesday. However, the index remained above 50 for the seventh consecutive month. Readings above 50 mean there were more optimists than pessimists in the survey. The index was at 58.9 in December.

Continue reading Poll: Global Economic Confidence Dips on Fiscal Concerns

Poll: Global Economic Confidence Dips on Fiscal Concerns originally appeared on BloggingStocks on Wed, 10 Feb 2010 17:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bloombergBloomberg Professional Global Confidence IndexBloombergProfessionalGlobalConfidenceIndexgreeceWed, 10 Feb 2010 17:20:00 EST<![CDATA[World consumer confidence follows U.S. down]]>http://www.bloggingstocks.com/2009/07/15/world-consumer-confidence-follows-u-s-down/http://www.bloggingstocks.com/2009/07/15/world-consumer-confidence-follows-u-s-down/http://www.bloggingstocks.com/2009/07/15/world-consumer-confidence-follows-u-s-down/#commentsFiled under: , ,

I guess that when the United States sneezes, the world catches a cold. Consumer sentiment was announced to be circling the drain in the United States and the world economy dropped for the first time in four months.

The Bloomberg Professional Global Confidence Index fell to 39.13 this month - from 43.57 last month. Your benchmark: anything below 50 means that there are more pessimists than optimists. In the United States, index fell from 36.7 to 29.5, suggesting that we're more pessimistic than the rest of the world.

Continue reading World consumer confidence follows U.S. down

World consumer confidence follows U.S. down originally appeared on BloggingStocks on Wed, 15 Jul 2009 14:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bloomberg professional global confidence indexBloombergProfessionalGlobalConfidenceIndexconsumer confidenceconsumer sentimentConsumerConfidenceConsumerSentimentimfinternational monetary fundInternationalMonetaryFundinthenewsworld bankWorldBankWed, 15 Jul 2009 14:30:00 EST