CEOs, many of whom are gathering in the Swiss ski resort of Davos for the annual World Economic Forum this week, are feeling less optimistic about their companies’ growth prospects than last year or the year before, with many concerned that the global economy will decline further in 2013, PwC said on Tuesday.
A new survey, for which 1,330 interviews were conducted in 68 countries, found that only 36 percent of CEOs worldwide were “very confident” of their company’s growth prospects in the next 12 months. The figure was down from last year and 2011, but still above lows recorded in 2010 and 2009.
“We would say confidence levels are actually down this year going into the next 12 months…Most are saying that they don’t expect a lot of change this year about the same as the past year,” Dennis Nally, Chairman of PwC said Tuesday.
Twenty-eight percent of CEOs say the global economy will decline further in 2013, and only 18 percent predict economic improvement; 52 percent say it will stay the same.