Some 55 percent of executives at large companies and financial institutions worldwide believe the global recession will last for at least another year, while 41 percent say it will end in the next 12 months, according to a Greenwich Associates survey.
The “Greenwich Market Pulse” survey also showed 12 percent seeing an end of the global recession within the next six months, and 10 percent thinking the recession will last at least another three years.
Canadian executives were the most optimistic, with nearly half saying they believe the recession will end within a year. U.K. respondents were the most skeptical, with only 20 percent expecting a global economic recovery within the next year.
Thirty-one percent of U.S. executives said the global recession would end in seven to 12 months, while 42 percent said it would take one to two years.