The EO 2009 Global Economic Forecast Survey has officially been released. The results show that while EO members are concerned about financing, costs of doing business and the impact of the U.S. presidential election, they are also confident in their ability to survive the economic downturn and their contribution to economic recovery.
This annual survey reveals your business perspectives, and the outlook for this year rings with a tone of optimism in the face of economic hardship. This data serves as an outstanding global barometer for entrepreneurial concerns and priorities in the coming year.
Major findings include:
- Nearly nine out of 10 global entrepreneurs are concerned about the current economic climate
- More than half of all entrepreneurs are very concerned or concerned about obtaining funding
- Seventy percent of surveyed entrepreneurs are highly confident or confident about surviving the economic crisis
- More than 80 percent of those surveyed believe that entrepreneurs will play a significant role in economic recovery
- One in five entrepreneurs is more likely to start a business now than they were last year, and more than half are equally as likely
- Almost half of respondents anticipate an increase in revenues in 2009, and a quarter expect revenue levels to remain the same as 2008
Thank you to all who took the time to complete this survey. A total of 894 EO members from around the world responded— that's a response rate of approximately 13.6 percent! This is outstanding news, and it will add credibility in our efforts to position EO as the global voice of entrepreneurship.
EO members can see a summary report of the entire survey, in addition to the report released to the media. Also, congratulations to EO Cleveland member Brendan Anderson, who was randomly selected from all survey respondents to receive two round-trip Continental Airlines tickets.