Dubai, April 12 (Inditop.com/WAM) The Middle East’s leading CEOs are confident that the region is moving toward economic recovery, according to the PricewaterhouseCoopers 13th Annual Global CEO Survey.
More than 80 percent of the Middle East based CEOs who responded to the survey said they are confident of their prospects in the next 12 months, and 79 percent are expecting a recovery in their national economies in the next two years.
More than a third of Middle East respondents, 39 percent, said they believe their national economy has either already rebounded or will rebound by the middle of 2010.
“The clear sentiment of the CEOs that responded from the Middle East is one of optimism,” commented Warwick Hunt, Middle East managing partner of PricewaterhouseCoopers.
“Whilst the global economic slowdown has clearly had a negative impact on a number of business sectors, it is clear that signs of recovery are now emerging and with them a new economic paradigm,” he said.
