ACCA：2025年第一季度全球经济状况调查报告（英文版）

Confidence among global accountants remains at its lowest since Q2 2020. The Q1 ACCA and IMA Global Economic Conditions Survey (GECS) suggests that global confidence declined again in early 2025 (see Chart 1), although the fall was much less marked than in Q4 2024. More encouragingly, there was another modest rise in the forward-looking New Orders Index, which is slightly above its historical average.1 The Capital Expenditure Index was largely unchanged again but remains slightly below its avera