The Latest Analysis
Global business sentiment is solid, particularly in the U.S., as it has been since before last year’s presidential election. Confidence has risen in Europe in recent weeks. Confidence is consistent with a global economy that is expanding at a pace that is above its potential. Businesses’ biggest complaint is regulatory and legal issues, with a record close to half of respondents saying these issues are their greatest worry. One-fifth of respondents say the cost and availability of labor is their most serious problem.