International investors are the most upbeat about the global economy than at any time in almost five years, buoyed by the U.S.-led revival of industrial nations, according to the Bloomberg Global Poll.
On the eve of the World Economic Forum’s annual meeting in Davos, Switzerland, 59 percent of Bloomberg subscribers surveyed last week said the economic outlook is improving. That’s up from 33 percent in November and marks the most optimistic result since the poll began in July 2009.
Strength in the richest economies was cited as the main reason for confidence by almost two-thirds of the 66 percent who said they were more positive than a year ago. While the Standard & Poor’s 500 Index has already risen about 24 percent in the past year, more than half of respondents identified stocks as the asset of choice for 2014 as concern about asset bubbles eased.