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Experts pessimistic over global economic outlook: survey


09:30, November 17, 2011

GENEVA, Nov. 16 (Xinhua) -- A majority of experts remain pessimistic over global economic outlook and global governance over the next year, according to a quarterly survey released by Geneva-based World Economic Forum (WEF) on Wednesday.

Over 1,000 global experts from both the public and private sectors were surveyed for the second quarterly Global Confidence Index. Of the respondents, 70 percent remain pessimistic about the global economic outlook, the same number as last quarter.

Confidence in global governance also remains low this quarter, with a consistent 60 percent of respondents signaling little trust in political leadership to deal with global risks.

The survey shows respondents thinking a major societal disruption is likely or very likely to occur over the next 12 months have grown from 50 percent to 60 percent in the second quarter.

However, there are positive signs from the survey. One-third of the respondents expressed confidence in the state of global cooperation, compared with one-fifth three months ago.

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