Elections in some of the largest emerging markets have brought to power a set of new leaders who have announced their strong commitment to democracy and the rule of law, market based reforms, and social inclusiveness.

This has resulted in a new wave of optimism for the world economy, with trade, investment and employment expected to increase. The world economic growth forecast has been revised upwards to 3.2%.

Forecast World Economic Growth %3.2

Econland Consumer Confidence Index

The Consumer Confidence Index is determined by the world economic growth forecast as well as by Econland's performance on GDP growth and unemployment last year.

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