European chief financial officers are far more pessimistic than their American and Asian counterparts about economic prospects, according to a survey published today by CFO magazine.
Sentiment among finance directors rose worldwide in the second quarter. But the number of pessimists still outnumbered the ranks of optimists in Europe while there was a huge swing towards optimism in Asia and the US, the CFO survey found.
Evidence of green shoots in the economy have boosted stock markets in recent weeks but most executives believe that recovery this year is unlikely.
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