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Summary
Summary
- Professors’ confidence considerably deteriorated in June compared with the preceding month. While the global six-month economic sentiment index remained unchanged, the three-year outlook markedly worsened, led by a precipitous decline in the Asian-Pacific and European long-term sentiment indexes.
- Despite a breakdown in aid talks between Greece and its international creditors, the country's default on its loan repayment to the IMF and growing fears of Grexit, professors surprisingly remained calm. Europe’s six-month economic sentiment index retreated just by 0.01 point, whereas its long-term gauge plunged to 0.53, down from 0.61 in May.
- The North America has finally started to recover after a wobbly start to the year. Consequently, professors felt much more optimistic about the region’s economy and its performance in the short-run. However, their confidence appeared to be dispelled when they assessed the economy’s long-term economic potential. The three-year economic sentiment index decreased by 0.08 points to 0.53, with the reading staying just slightly above the crucial 0.50 threshold.
- The Asian-Pacific economy appeared to be the worst performer in June. Its six-month economic sentiment index declined by 0.05 points in the reported month, while the long term index plummeted by 0.16 points to 0.69.
