Economic Outlook (October 2012)
Now in its seventh edition, the Economic Outlook research series from the Chartered Management Institute (CMI) examines and tracks managers’ views on the economy. Questioning over 500 managers about a variety of economic performance indicators, including GDP, business insolvencies and levels of employment, key highlights from the report include:
- Sixty-three per cent of managers questioned have little or no confidence in the Government’s current economic policy, with almost one in five giving a vote of no confidence.
- Fourty-seven per cent reported that the Government’s austerity programme was actively damaging their organisation, while just two per cent said their employer was seeing any benefits.
- Many managers appear unconvinced that debt reduction measures are working, with two thirds (65 per cent) expecting the amount owed by the public purse to increase over the next 12 months.
- Sixty-nine per cent reject the idea that the Government can do little to affect their organisations’ circumstances, showing the Coalition has an important role to play.
Author: Patrick Woodman
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