More than half of CEOs expect the global economy to remain stagnant, as fears of economic disruption, including major social unrest, potential recession in the US, cyber attack, a natural disaster disrupting a major trading/manufacturing hub, and breakup of the eurozone have taken a toll on their confidence this year, PricewaterhouseCooper’s 16th Annual Global CEO Survey reports.
Just 36% of executives surveyed by PwC said they are "very confident" of revenue growth over the next 12 months. Longer-term, however, prospects improve, with nearly half (46%) expressing a high level of confidence for the next three years.
Sira Intarakumthornchai, CEO of PwC Thailand, said that global CEOs were less confident about revenue growth prospects over the next 12 months because of high volatility around the globe, adding that confidence fell to 40% in 2012 from 48% in 2011.
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