Chiefs of Worldwide Firms Optimistic About Outlook
August 18, 2003
Sixty percent of the leaders of U.S. multinational corporations are optimistic about the prospects for the economy over the next 12 months, PricewaterhouseCoopers' Management Barometer survey found. Another 42% said they are confident about the world economy. That was up markedly from the first quarter, when only 34% said they were upbeat on the U.S. economy and only 28% were optimistic about international prospects. Revenue growth, new investments and new hiring, however, concern them.
"For the first time in four consecutive quarters, more than half have a positive outlook," said Frank Brown, PwC's global leader for assurance and business advisory services.
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