Companies CEOs less optimistic about 2013 Growth

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.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.