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WORLD FINANCIAL ELITE EXPECT GLOBAL RECESSION
- MeettheBoss.com survey shows that 82 per cent of senior financial executives surveyed believe we are entering a worldwide recession
- Only 32 per cent currently believe the recent financial rescue packages will restore lasting confidence
- The majority believe that governments should have acted more decisively earlier in the crisis
MeettheBoss.com, the recently launched “Facebook for Finance”, today released the survey results of 1,000 members to measure their mood regarding the current financial crisis.
The survey found that the overwhelming majority of respondents believe we are entering a worldwide recession, while 53 per cent believe that governments were not decisive enough earlier in the crisis. Over two thirds of respondents were not convinced that the financial rescue packages would be sufficient to restore lasting confidence, with 20 per cent of respondents believing that these measures would not be enough.
However, most (85 per cent) felt that a concerted international approach would help restore confidence in the long term.
The survey consisted of 340 C-level executives, 480 directors and 180 in senior management exclusively from financial services businesses around the world.
MeettheBoss.com currently has 25,000 members world-wide and is the first financial services networking tool to support this group of influential decision makers. While membership has been increasing at a rapid pace since the launch, membership will ultimately be capped at 50,000.
Tags: banking, business, credit crisis, Financial, meettheboss, networking
