McKinsey have released their latest survey of company executives and there's no doubt, execs are considerably more positive worldwide than the previous quarter, particularly in Europe. Global executives are increasingly positive about the direction of the world economy, though in our latest survey on economic conditions, the source of their optimism has shifted away from emerging markets and toward the developed world. For the first time since we posed the question 18 months ago, respondents say they no longer expect developing markets to lead global economic growth over the next decade. Instead, they expect developed markets - and an improving Europe in particular - to advance future growth.
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