Nearly half (48 per cent) of the 1,258 CEOs polled worldwide believe the global economy will decline even further in the next 12 months, according to PricewaterhouseCoopers' 15th Annual Global CEO Survey. Just 15 per cent said the global economy will improve during 2012.
In a seminar held last week at the InterContinental Muscat, Ammar Hindash, advisory partner at PwC, highlighted key finding and strategies for CEOs resulting from this global survey.
"Whilst this statistic may seem gloomy, nearly three times as many CEOs are confident in their own companies' growth prospects for the next 12 months, suggesting that they believe they have learned how to manage through difficult and volatile economic times and have placed effective plans to address global risks to their businesses.
"In summary, organisations understand the world is becoming a more volatile place to do business and have become better in getting back on their feet faster," said Ammar.
Forty per cent of CEOs said they are 'very confident' of revenue growth for their companies in the next 12 months, down from the 48 per cent last year.
© Muscat Daily 2012
