CEOs remain confident despite predictions of further economic woes

2/21/2012



The majority of British CEOs are expecting their business to grow this year, despite continued expectations of a faltering economy.

In the latest version of the Investec Entrepreneur Confidence Index, 86 per cent of respondents said that they expected their business to become more profitable in the last 12 months. This was despite a similar figure expecting the British economy to remain poor or deteriorate further over the next 12 months.

Responding to the figures, Investec spokesman Ed Cottrell claimed he was far from shocked that such a large proportion of CEOs were confident about navigating through uncertainty.

He told Fresh Business Thinking: "The 'entrepreneurial class' are often naturally optimistic, so we are not particularly surprised that despite them anticipating a decline in the UK economy, many have high hopes for their own businesses and perhaps see opportunities in the current climate."

Cityam.com report that confidence in the UK economy was at its lowest since the index began in 2009. Those questioned identified the Eurozone crisis as their main concern when it came to raising finance.

45 per cent of respondents said that saw the Eurozone crisis as a 'high' risk, whilst 34 per cent said the same about getting access to capital. Nevertheless, almost two thirds claimed they were hoping to create jobs this year.














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