International investors are more upbeat about the global economy today than at any time in almost five years, buoyed by the U.S.-led revival of industrial nations, according to the Bloomberg Global Poll.
On the eve of the World Economic Forum’s annual meeting in Davos, Switzerland, 59 percent of Bloomberg subscribers surveyed last week said the economic outlook is improving. That’s up from 33 percent in November and marks the most optimistic result since the poll began in July 2009.
The rebound in developed economies was rubber-stamped today when the International Monetary Fund raised its forecast for global economic growth this year to 3.7 percent from the 3.6 percent it predicted in October.
That’s not stopped Managing Director Christine Lagarde, who will also be in Davos, from calling the recovery “feeble” and saying global growth remains below its long-term trend of about 4 percent. She’s also urged policy makers to fight the “ogre” of deflation.