CEO confidence experienced the largest quarterly gain in the fourth quarter of 2011 at 98.8, up from 83.5 in the third quarter, according to the Vistage CEO Confidence Index.
Because of the boost, the index finds that CEOs are planning increases in employment and fixed investments as they expect higher revenues and profits in 2012. Still, economic and political uncertainty remains the largest concern, which was reported by nearly half of all CEOs. The concern is based on the debt crisis in Europe and the failure of Congress to address the national debt. In fact, two-thirds of respondents say the national debt had negatively impacted their business plans.
Given the increased confidence, 49 percent of respondents say the U.S. will be the most improved economy in the world within three years. Seventeen percent of respondents ranked China as the most improved, and 14 percent of respondent believe South America will be the most improved.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
