Dennis Nally

Chief executives are more worried than a year ago about the global economic outlook, as deflation stalks Europe and commodity prices wilt, but the United States stands out as a bright spot.

Business leaders from across the globe have called for policy changes to encourage long term value creation instead of short-term profits and to restore trust between government, business and civil society.

Besides, CEOs from across the world including in India plan to aggressively expand their workforce this year, even as their worries about over-regulation, fiscal deficits and tax policy have reached highest ever levels, the PwC survey said.

The high confidence levels of Indian CEOs is in sharp contrast to the declining confidence level of CEOs across the world in their own businesses as well as for the broader economic scenario.

Chief executives are less optimistic about short-term growth prospects for their companies than a year ago, according to a survey that offers a reality check on rising stock markets.

Almost half of company chief executives are pessimistic about prospects for the global economy this year, with many citing uncertainty about the European debt crisis as their major cause for worry, according to a survey published Tuesday.

Chief executives are more worried than a year ago about the global economic outlook, as deflation stalks Europe and commodity prices wilt, but the United States stands out as a bright spot.

Business leaders from across the globe have called for policy changes to encourage long term value creation instead of short-term profits and to restore trust between government, business and civil society.

Besides, CEOs from across the world including in India plan to aggressively expand their workforce this year, even as their worries about over-regulation, fiscal deficits and tax policy have reached highest ever levels, the PwC survey said.

The high confidence levels of Indian CEOs is in sharp contrast to the declining confidence level of CEOs across the world in their own businesses as well as for the broader economic scenario.

Chief executives are less optimistic about short-term growth prospects for their companies than a year ago, according to a survey that offers a reality check on rising stock markets.

Almost half of company chief executives are pessimistic about prospects for the global economy this year, with many citing uncertainty about the European debt crisis as their major cause for worry, according to a survey published Tuesday.