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CEOs Have Gloomy Outlook, but Will Start Hiring

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Published: Wednesday, 25 Jan 2012 | 4:15 AM ET
By:

Staff Writer, CNBC.com

US Politicians Need to Get Past the Rhetoric and Onto the Substance: CEO
Dennis Nally, Chairman of PwC, told CNBC, "the election campaign has started, I think there are some big fundamental issues that have to be addressed in the US and we all know what we are, back and forth on these minor issues is not going to stop them."

Forty percent of CEOs are “very confident” about their own companies' growth prospects for the next 12 months, compared to 15 percent who are optimistic about the outlook for the global economy.

"CEO confidence is decidedly down as they deal with the aftershocks to the recession. CEOs are disappointed with the course of the global economy and the pace of recovery. The optimism that had been building cautiously since 2008 has begun to recede," said Nally.

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The mood among chief executives of the world’s biggest companies has gotten worse, but the outlook for jobs may be improving, according to a survey by PricewaterhouseCoopers.

   
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