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The Global Economic Conditions Survey (GECS) is one of the most comprehensive surveys of its kind, both for its number of respondents and for the range of economic variables it monitors. IMA and ACCA members from around the world share their insider views on the macro-economic environment as they see it. Within themed countries and regions, the GECS is regarded as a good predictor of GDP growth. Its correlations with the VIX, or “fear,” index are well-established. It is a trusted source for gauging the overall performance of the global economy.
Three levels of analysis are provided:
- Global: Providing an overall picture of respondent confidence
- Thematic: Weighing in on socio-political trends
- Regional: Interpreting policy changes, government actions, and current events in 9 regions
Key Findings of the Third Quarter 2025 Survey
- Global confidence declined in Q3 after a brief Q2 recovery, with the New Orders Index falling to its lowest point since the pandemic peak.
- Regional sentiment diverged sharply: confidence rose in North America and Asia Pacific but plummeted in Western Europe, particularly in the UK.
- Operating cost pressures remain severely elevated, with 76% of Western European accountants reporting increases—nearly double the historical average.
- Economic volatility and geopolitical instability continue as top concerns, while cybersecurity emerges as a critical governance challenge amplified by AI-powered threats.