The Straits Times
www.straitstimes.com
Published on Jan 23, 2013
 

Top CEOs less gloomy about global economy: Survey

 
 

DAVOS, Switzerland (AFP) - Top business leaders are less gloomy about the prospects for the global economy than last year but hardly brimming with confidence for 2013, according to a major survey released on the eve of the Davos forum.

International chief executives are also less confident than last year about growth prospects for their own companies, according to the survey of 1,330 CEOs conducted by financial services firm PricewaterhouseCoopers.

Only 28 per cent of CEOs said they expected the global economy to decline further in 2013, against 48 per cent last year, while 52 per cent expected it to remain stable.

But only 36 per cent said they were "very confident" in their company's growth prospects in the next 12 months, down from 40 per cent last year and 48 per cent in 2011.