By the final quarter of 2009, most of the major economies had started to grow again – including the US, Japan, Germany and France, but with the notable exception of the UK. However, hopes that the tender green shoots of recovery would rapidly blossom were tempered by worries about huge public debt burdens, high levels of unemployment and continuing concerns about the health of financial institutions. As a result, from October 1 to December 14 2009 (the period covered by Carma International’s latest survey of media coverage of the world’s leading CEOs), business leaders’ views of the economic outlook were mixed, with many expressing caution that economic recovery was likely to be sluggish and drawn-out.
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