Fiji Time: 12:13 AM on Thursday 27 November

Fiji Times Logo

/ Front page / Business

No change in economy

Bbc
Thursday, January 24, 2013

MORE than half of chief executives (CEOs) in a new survey have predicted the global economy will continue on its current path of minimal growth in 2013.

In PricewaterhouseCoopers's (PwC) annual global CEO survey, 52 per cent predicted no change, 28 per cent foresaw further decline and 18 per cent expected an improvement.

It is still an improvement from last year when 48 per cent predicted a decline.

The research came from interviews conducted with 1330 chief executives in 68 countries. It was released at the start of the World Economic Forum in the Swiss ski resort of Davos.

"Chief executives believe that we are in for another year with a global economy that is reluctant to recover," Dennis Nally, chief executive of PwC International, said at the launch.

"Risks that were once viewed as improbable are now the norm."

The business leaders were more upbeat about the growth of their own companies, with 36 per cent of them very confident about growth prospects in 2013. But that was down from 40 per cent at the same time last year.

They were also asked what issues worried them the most and top of the list was uncertainty about growth, which 81 per cent of them cited.

Next came governments' responses to the deficit, which worried 71 per cent, followed by over-regulation at 69 per cent.





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. Couple return to Fiji after almost a decade
  2. Indecent jokes warning
  3. Medal for a saviour
  4. Man behind the change
  5. Ryan departs for Dubai ahead of sevens team
  6. Nanai-Williams opts for Samoa over New Zealand
  7. The real deal
  8. Eighteen receive Order of Fiji
  9. $67.7m expected
  10. Maritime travel advice

Top Stories this Week

  1. Modi-fied Thursday (20 Nov)
  2. PM says sorry Thursday (20 Nov)
  3. WHAT FIJI WILL GET Thursday (20 Nov)
  4. Big cheer for a PM of good tidings Thursday (20 Nov)
  5. Budget Friday (21 Nov)
  6. Deal on NZ jobs Monday (24 Nov)
  7. Stop the bickering Tuesday (25 Nov)
  8. No regrets Tuesday (25 Nov)
  9. Patel guilty of abuse Friday (21 Nov)
  10. President Xi leaves impression on leaders Monday (24 Nov)