Investment promotion agencies (IPAs) were more optimistic in their assessment of the global investment climate and followed a similar pattern. While for 2014, IPAs also showed a high degree of uncertainty, with 45 per cent of respondents selecting neutral or undecided for the year (figure 2), for the medium-term years, their expectations turned decidedly positive with almost 90 per cent of respondents being optimistic for 2016. Although the different perspectives on global investment climate largely 1reflect differences in the geographical coverage of the two surveys , IPAs tend to be more confident of their economic growth perspectives in spite of fragilities and recent political uncertainties.