• 27-JAN-2010

  • By PwC

CEOs' Confidence Rebounds With Quick Recovery in Emerging Economies, Developed Nations Still Cautious

PricewaterhouseCoopers HQ, London
With their worst fears of prolonged recession behind them, CEOs' confidence for future growth has bounced back from the gloomy prospects of a year ago, according to PricewaterhouseCoopers 13th Annual Global CEO Survey. This rising confidence has translated into a planned boost in recruitment, with nearly 40 per cent of CEOs expecting to increase their headcount this year. That contrasts with 25 per cent of CEOs planning job cuts over the next year, down from nearly half who decreased headcount in the past 12 months. Overall, the survey found that 81 per cent of CEOs worldwide are confident of their prospects for the next 12 months, while only 18 per cent said they remained pessimistic.