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- As summer was approaching, professors’ sentiment brightened in May. Europe remained a dark spot, as academia experts lost some confidence in the region’s short-term economic performance. Nevertheless, a slight retreat in Europe’s sentiment index was offset by a rise in the North American gauge and a sharp surge in Asia-Pacific’s sentiment index. As a result, the global six month outlook edged higher by 0.04 points in May.
- Surprisingly, the global three-year economic outlook index soared by 0.13 points in May, with the major contributor to the increase being professors’ optimistic outlook for Asia-Pacific’s economy.
- As the Euro zone is being dragged down by the Greek debt crisis, professors' consensus expectations for the economic development in the foreseeable future deteriorated. Still, the experts foresee the region’s economy to be out of woods.
- Both the short term and long-run economic sentiment index for the North-American economy rose a steady 0.03 in May, as the US, the world’s number one economy, has been recovering following a weak start of the year, while the Canadian economy has been following its neighbour.
- The Asian-Pacific economy enjoyed a sharp increase in both the six-month and three-year economic sentiment index in May as Australia and Japan surprised with some positive economic growth data in the reported month, which appeared to contribute positively to the overall perception of the region’s economic health.
