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Business optimism fell to its lowest level for over a year.
Introducing the Year in Pictures, Mr. McCann writes: "As 2011 slid back into history — dragging along the false dawn of an Arab Spring, the rolled-up tents of Zuccotti Park, the sky grown nuclear over Fukushima — a lean promise of optimism fell over 2012.
Recall how January's optimism fell victim to April's numbers?
Optimism fell in Africa, Europe, and Latin America and held steady in Asia.
Canadian optimism fell to 58 this quarter from 62 last quarter, on a scale of 0 to 100.
Nigerian optimism fell to 48 from 54. Employment should fall about one percent in South Africa and increase about one percent in Nigeria over the next 12 months.
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The survey found marketer optimism falling to its lowest level for seven years: 57 on a 1-100 scale.
What happens when all that optimism falls away?
The survey respondents are also less sanguine when it comes to their own investment portfolios, with pessimism on that score doubling since last year, and optimism falling by nearly half.
Similarly, the National Federation of Independent Business's small business optimism index fell to 103.6 in June from 105.9 in January, "no doubt in part due to the mess in Washington," according to the group.
Lloyds said the decrease followed "a significant decline in economic optimism, which fell 20 points to 14% from 34%, suggesting that the recovery following the EU referendum outcome is starting to recede".
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