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A vast majority of the world's business leaders are optimistic about the outlook for the next three years, according to PricewaterhouseCoopers' (PwC) annual CEO survey, released on Wednesday.
More than 90% of 1,200 CEOs surveyed expressed confidence in growth over the next three years. With their worst fears of a prolonged recession behind them, confidence among bosses has also rebounded for the coming year, with 81% expressing optimism while only 18% said they remained pessimistic.
PwC said confidence levels were now back to the year 2000's levels. A year ago, 25% of all chief executives were pessimistic, while 64% had shown optimism for 2009.
The rising confidence has translated into a planned boost in recruitment, with nearly 40% expecting to increase their staffing levels this year.
The survey found that bosses in emerging economies such as India and China were more optimistic than their counterparts in North America and Western Europe. Some 97% of Indian chief executives were confident of growth in 2010 compared with 80% in the U.S.
The survey results were published coinciding with the start of the World Economic Forum in Davos, Switzerland, where 2,500 elites in the political and financial sector from all over the world meet to discuss the outlook for the global economy.
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