Twelve months ago, when Legal Business’s inaugural GC Power List landed, the global economic outlook was still decidedly bleak. Talk of a double-dip recession had started to feel like blind optimism, with global manufacturing output at its lowest level since 2009, unemployment in the eurozone at epidemic proportions and signs that the Chinese economic engine was beginning to falter.
A year on and there’s cause for cautious optimism, in the UK at least, with joblessness falling and it seems more reason for economists to be bullish about the strength of the recovery than for half a decade.
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