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2016-02-09

YPO: EU business leaders remain the most confident in the world, while global economic confidence declines

The powerful combination of record low interest rates, a sharp drop in the
value of the euro, and plunging oil prices drives confidence in Europe

LONDON - 9thFebruary 2016
- Confidence amongst CEOs across the EU remained steadfastly confident in the
final quarter of 2015 as business leaders in the region reported higher
levels of optimism about business and economic conditions than their
counterparts around the world for the second quarter in a row. TheYPO Global
PulseConfidence Index for the EU rose to 60.5, up from 60.2 in the third
quarter.

For the second consecutive quarter, EU business leaders recorded the highest
levels of confidence around the world, as the outlook in many other regions
remained relatively cautious. With the powerful combination of record low
interest rates, a sharp drop in the value of the euro, and plunging oil
prices, confidence in Europe is on an upswing, reflecting improved growth
prospects for the region. According to the IMF, GDP growth in Europe in 2016
is projected to be 1.9%, which would be the fastest pace of expansion since
2010.

The YPO Global Pulse Index composite score remained steady at 58.0, its lowest
level since the third quarter of 2011, at the height of the global economic
recession. Confidence in the United States remained relatively optimistic at
59.1, while Africa dropped 3.3 points to 51.0. Only Asia, which edged up 2.4
points to 59.7, and Latin America, which jumped 4.8 points to 54.4, recorded
any material increase in economic confidence.

"Despite the increasing levels of economic, social and political uncertainty
around the world, business leaders in the EU continue to be fairly optimistic
about their immediate prospects. Near-zero interest rates in many EU
countries, a weaker euro to boost exports, and rock-bottom oil prices, are
all serving to stimulate growth, create jobs and boost investment," said
Sophie Eykerman, CEO of Sterop, a member of theYPOBrussels Chapter and YPO
Europe's regional education chair. "As 2016 progresses, with many economic
indicators suggesting a global economic slowdown is imminent, it will be
interesting to see what impact this has on sentiment within the EU. It goes
without saying that business leaders will be closely monitoring the situation
in China and many other parts of the world."

There were fluctuations in confidence levels within some of the major European
economies, but they each remained in optimistic territory at 57.2 points and
above. Germany's confidence index jumped 4.8 points to 60.4, and Italy
climbed 2.0 points to 61.6, both recording their highest levels since April
2015. The United Kingdom index, on the other hand, fell 2.5 points to 58.9,
its lowest level since the first quarter of 2013. France's confidence level
held steady, edging up 0.2 point to 57.2. For the second quarter running,
Spain recorded the highest level of optimism in the region, despite dropping
6.7 points to 67.4.

Key findings in the EU:

CEOs stay positive about immediate outlook
Business leaders in the EU were optimistic about the immediate prospects for
their own organisations, with the individual components of the index,
tracking sales, employment and fixed investment forecasts, all improving. The
majority of respondents (62%) expected to grow revenues in the next 12
months, with only 8% forecasting a decline in turnover; 35% expected to
increase total head count, versus only 10% who expected to see a drop in
staff numbers; and 41% expected increased levels of fixed investment, against
8% who forecasted a decrease.

When it came to looking at the wider economic and business conditions in which
their organisations operate, CEOs were mainly optimistic. Forty percent of
business leaders expected conditions to improve in the first half of 2016,
versus 16% who predicted a deterioration in conditions, and 44% who expected
to see little or no change.

YPO Global Pulse Confidence Index

The quarterly electronic survey, conducted in the first two weeks of January
2016, gathered answers from 1,994 chief executive officers across the globe,
including 209 in the European Union. Visit www.ypo.org/globalpulsefor more
information about the survey methodology and results from around the world.

About YPO

YPO (Young Presidents' Organization) is a not-for-profit, global network of
young chief executives connected through the shared mission of becoming
Better Leaders Through Lifelong Learning and Idea ExchangeTM. Founded in
1950, YPO today provides 23,000 peers and their families in 130 countries
with access to unique experiences, extraordinary educational resources,
access to alliances with leading institutions, and participation in
specialised networks to support their business, community and personal
leadership. Altogether, YPO member-run companies employ more than 15 million
people around the world and generate US$6 trillion in annual revenues. For
more information, visit www.ypo.org.

# # #

Contact:

YPO (Young Presidents' Organization)

Linda Fisk

Office: +1.972.629.7305 (United States)

Mobile: +1.972.207.4298

press@ypo.org

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Young Presidents’ Organization, Inc. via Globenewswire

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