Thirty-eight percent of senior mangers around the world believe the economic crisis will end by the second quarter of next year, Atradius found in a survey of 3,500 executives in North America, Europe, Asia and Australia.

Nonetheless, 40% of respondents, located in 17 of the 20 countries surveyed, said government stimulus money has not lifted the economy in their nation. Ten percent said their government hasn’t even started distributing stimulus money. Rather, the majority of executives said they would rather see direct tax cuts, tax incentives and a reduction in interest rates.

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