Some 55% of executives at large companies and financial institutions worldwide believe the global recession will last for at least another year, while 41% say it'll end in the next 12 months, according to a Greenwich Associates survey.
The “Greenwich Market Pulse” survey also showed 12% seeing an end of the global recession within the next six months, and 10% thinking the recession will last at least another three years.
Canadian executives were the most optimistic, with nearly half saying they believe the recession will end within a year. U.K. respondents were the most skeptical, with only 20% expecting a global economic recovery within the next year.
Thirty-one percent of U.S. executives said the global recession would end in seven to 12 months, while 42% said it would take one to two years.