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Main Community News Business Leaders Expect a "Major Turnaround" for Economy, Report States

Business Leaders Expect a "Major Turnaround" for Economy, Report States

Monday, July 23, 2012

Aspiring business management professionals can look forward to a prosperous economy in the future, according to the Conference Board of Canada. The organization recently released its index of business confidence for spring 2012, and the outlook on the economy has improved for the second straight quarter. The business confidence index of the fourth quarter of 2011 resulted in a reading of 99.3, 6.6 points higher than the previous third quarter, and May 2012 saw a 2.5-point increase at 101.8.

"Forty-three percent of respondents said they believe economic conditions will improve over the next six months - a huge improvement from the last survey, when only 19 percent responded positively," board economist Justin Cooke stated.

The survey also revealed that only nine percent of respondents expect the economy to worsen over the next six months. This statistic is a "major turnaround" from the last survey, Cooke explained, where the negative responses outnumbered the positive ones.

Not only do business executives expect production levels to increase and the economy to strengthen, they also predict their personal financial positions to improve, whether because of promotions, bonuses or other benefits. Students who are entering the financial realm can look forward to this period of economic growth and its potential for more job opportunities at their level of experience.

Young professionals can enroll in business courses like those offered in the Business Administration Management or Accounting and Payroll Administrator programs at Vancouver Career College. For more information, fill out the form on the right.

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