The World Economic Climate Indicator rose in the first quarter of the year for the fourth consecutive time due primarily to positive assessments of the current economic situation in Asia, but the expectation of a continued rise in unemployment, and other factors, raised concerns about the strength of the recovery.
“After four consecutive positive results the latest survey results can be interpreted as a clear sign of a global economic recovery,” concluded the International Chamber of Commerce (ICC) and the Ifo Institute for Economic Research, who jointly conduct the global economic survey each quarter.
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