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Davos 2018: Bosses confident global growth will continue

From BBC - January 22, 2018

Top bosses' optimism about the global economy is at its highest level for six years, a survey suggests.

Some 57% of chief executives say they expect growth to increase this year, almost double the number of last year, according to PwC.

The consultancy said it was the strongest level of optimism since it started measuring the issue in 2012.

PwC chairman Bob Moritz credited "booming" stock markets and positive growth forecasts in most major markets.

The survey, released on the eve of the annual World Economic Forum, held in the Swiss Alpine village of Davos, interviewed almost 1,300 chief executives in 85 countries.

Most of the major markets around the world - including Japan, Asian emerging markets, the eurozone, the US and China - are currently expanding faster than expected, leading to a host of positive predictions from economic bodies.

Earlier this month, the World Bank upgraded its growth prediction for this year, saying it expected the global economy to operate at its full potential for the first time since the financial crisis.

The International Monetary Fund (IMF) and think tank the OECD have also predicted stronger growth for this year.

'Safe harbours'

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