PwC: Half Of CEOs Think The Global Economy Will Decline In 2012

CEOs
Here are some CEOs, who may or may not have participated in PwC’s study.

Half of the world’s top business leaders see the global economy declining in 2012, a new report from PricewaterhouseCoopers shows. Of 1,258 CEO responses, only 15% said they believed the macro picture would improve over the next 12 months. Nearly half said the economy would falter.

30-four per cent said they expected the economy to remain about the same.

“CEO confidence is decidedly down as they deal with the aftershocks to the recession,” PwC Chairman Dennis Nally said. “CEOs are disappointed with the course of the global economy and the pace of recovery. The optimism that had been building cautiously since 2008 has begun to recede.”

However, nearly 40% of the top leaders said they were “very confident” that their own company would deliver revenue growth in the coming year.

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title=”Still, he EU and US will remain vital parts of the global economy, even if there is a 2012 downturn”
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title=”In particular, they face the greatest challenge finding high potential middle managers”
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title=”But good news for prospective employees, at least half of global firms will hire in 2012″
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title=”CEOs continue to see the import of innovation to their industry, even in sectors like financial services”
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content=”Wall Street has its own forecast for 2012.
Click here to see what the top economists think will happen in 2012 >
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