SUMMARY
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Top business leaders are less gloomy about the prospects for the global economy this 2013 than in 2012, but hardly brimming with confidence for 2013. A PricewaterhouseCoopers survey of 1,330 CEOs released on the eve of the Davos forum in Switzerland also showed that only 28% of CEOs said they expected the global economy to decline further in 2013, against 48% last year, while 52% expected it to remain stable. While the study shows the predictions are more positive this 2013, only 36% said they were “very confident” in their company’s growth prospects in the next 12 months, down from 40% last year and 48% in 2011. Western European business leaders were the most pessimistic among the surveyed CEOs, with just 22% saying they were very confident of growth. Latin American executives bucked the trend, with 53% expressing confidence in the short-term. Russian executives were the most confident, with 66% saying they had high expectations of revenue growth.
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