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VOL. 128 | NO. 15 | Wednesday, January 23, 2013

CEOs Head to Davos More Pessimistic About 2013

AP

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DAVOS, Switzerland (AP) – The snow has fallen and the hotels are ready, but the CEOs gathering in Davos for the World Economic Forum are facing strong worries about public mistrust, disappearing jobs and a shaky global recovery.

New survey results Tuesday show a steady drop in the number of CEOs worldwide who are "very confident" their companies will grow this year. The number fell to 36 percent from 40 percent last year and from 48 percent in 2011.

The survey by accounting firm PricewaterhouseCoopers shows that with the pessimism, most companies are limiting investments and focusing on tried-and-true markets.

PwC chairman Dennis Nally told The Associated Press that confidence was down almost everywhere, even in high-flying economies like China and Brazil.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 68 68 11,188
MORTGAGES 74 74 13,977
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 146 146 24,180
BANKRUPTCIES 77 77 8,509
BUSINESS LICENSES 23 23 3,794
UTILITY CONNECTIONS 137 137 13,594
MARRIAGE LICENSES 35 35 3,066

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