2013-01-30 11:54

Business leaders expect economic stagnation in 2013

More than half, 52 percent, of chief executive officers worldwide expect that the global economy will remain the same this year, 28 percent say that it will decline further and only 18 percent predict an economic improvement, according to a survey carried out by PricewaterhouseCoopers (PwC).
Verslininkas
Verslininkas / Irmanto Gelūno / BNS nuotr.

In Lithuania, as many as 72 percent of CEOs expect that the global economy will remain the same in 2013, the global professional services firm said in a press release.

CEOs' outlook for their own companies' revenue growth in the long term remained unchanged. Forty-six percent of CEOs worldwide said they were "very confident" about growth over the next three years, similar to last year. Confidence about long-term growth was the lowest in Europe, at 34 percent.

Only 36 percent of CEOs worldwide and 35 percent in Lithuania are "very confident" of their companies' growth prospects within the next 12 months.

Eighty-one percent of CEOs worldwide are concerned about lingering uncertainty over economic growth, 71 percent, about government response to fiscal deficit, 69 percent, about overregulation, and 61 percent, about capital market volatility. Lithuanian CEOs cited uncertain economic growth (61 percent) and overregulation (54 percent) as their key concerns.  

Lithuanian CEOs see the growing tax burden (68 percent) and market newcomers (59 percent) as the greatest threats to their business growth prospects. CEOs worldwide named higher taxes (62 percent), the shortage of key skills (58 percent) and energy and raw material costs (52 percent) as the top threats.

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