CEOs suffer crisis of confidence: survey

Confidence levels of UK business leaders have taken a hit – short-term
business confidence is at a five-year low, and 29% down on last year, a survey
has found.

The PricewaterhouseCoopers Global CEO survey also found that the current
angst may be short-lived. Many respondents indicated they were optimistic of a
recovery over the next three years.

CEOs saw the disruption of capital markets caused by the credit crunch. and
the resulting downturns in major economies. as the biggest threats to growth.

The new era has brought about a change in mindset among CEOs, according to
the survey. Rather than grow by acquisition, CEOs now say they are pursuing
lower-risk strategies such as financing new projects with internally-generated

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