December Dukascopy Bank Sentiment Index
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Participants of the Dukascopy Bank SA December poll share a positive view on the global economy and its future development as both the six-month and three-year economic sentiment indexes improved to 0.66, which is a highest reading since the records began, and 0.73, respectively.

Experts’ six-month outlook on the European economic conditions did not change dramatically and gained 0.01 from the November reading of 0.53, while the three-year expectations advanced 0.03 to 0.65.

The North American short and long term sentiment indexes both posted the biggest increase among the three regions in December. The six-month outlook gained 0.05 to 0.71 and the three-year forecast rallied 0.04 to 0.77.n Respondents became more optimistic regarding the Asia-Pacific economy six months from now with sentiment index reaching 0.72 compared to 0.70 prior month, while the forecasts three years from now stood unchanged at 0.78.



Economic outlook comparison


Figure 9 presents a discrepancy in views on the economic outlook among the local and foreign experts. December poll results reveal that respondents from North America are less optimistic about the local economic outlook compared to their foreign colleagues.

Europe: Local experts have more optimism about the European six-month economic prospects compared to their foreign colleagues, while the discrepancy in the opinions between the groups reaches positive 0.07 for the three-year economic outlook.
North America: Respondents from North America grant less confidence to the six-month and three-year economic outlooks than the foreign poll participants (0.68 vs. 0.73 and 0.70 vs. 0.80, respectively).
Asia-Pacific: Local respondents’ projections about the Asia-Pacific six-month economic outlook are stronger than those of the foreign poll participants. The discrepancy in views reaches the value of 0.15 for the three-year economic sentiment index.


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