The high level of confidence reflects the fact that the global economy is performing very strongly, with all major countries and regions in good health, with North America as the most confident region followed closely by Africa.
The increase in confidence in the US comes on the back of massive tax cuts which should help boost consumption, increase wage growth and lead to lower unemployment rates. Since the start of the year, policy-making in the US has taken a more protectionist turn, causing concern about a possible trade war with China.
