CEOs in Asia Pacific confident of growth
KUALA LUMPUR: Two years after the financial meltdown, the confidence level among chief executive officers (CEOs) in Asia Pacific is returning to near pre-crisis levels.
In PwC's 14th Annual Global CEO Survey, 54% of chief executives in the region said they were “very confident” of growth in the next 12 months, compared to the global average of 48%. This is an increase from the previous year when only 40% of CEOs in Asia Pacific felt this optimistic.
The survey showed that the renewed confidence was spread across all countries within the region.
“CEOs in India (88%), China and Hong Kong (72%), and ASEAN (60%) were particularly upbeat about near term growth. Japan was the least confident (25%). Globally, chief executives in Western Europe were not as optimistic as their Asian counterparts, with only 39% expressing their confidence that things are finally turning around,” PwC said in a statement today.
In the longer term, 95% said they had some level of confidence for growth prospects over the next three years, an increase of six percentage points from the year before.
In PwC's 14th Annual Global CEO Survey, 54% of chief executives in the region said they were “very confident” of growth in the next 12 months, compared to the global average of 48%. This is an increase from the previous year when only 40% of CEOs in Asia Pacific felt this optimistic.
“CEOs in India (88%), China and Hong Kong (72%), and ASEAN (60%) were particularly upbeat about near term growth. Japan was the least confident (25%). Globally, chief executives in Western Europe were not as optimistic as their Asian counterparts, with only 39% expressing their confidence that things are finally turning around,” PwC said in a statement today.
In the longer term, 95% said they had some level of confidence for growth prospects over the next three years, an increase of six percentage points from the year before.
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