CEOs' Confidence Rebounds in Recession's Wake, Quick Recovery in Emerging Economies

Davos, Switzerland — February 10, 2010 — With their worst fears of prolonged recession behind them, CEOs' confidence for future growth has bounced back from the gloomy prospects of a year ago, according to PricewaterhouseCoopers' 13th Annual Global CEO Survey.

This rising confidence has translated into a planned boost in recruitment, with nearly 40 percent of CEOs expecting to increase their headcount this year. That contrasts with 25 percent of CEOs planning job cuts over the next year, down from nearly half who decreased headcount in the past 12 months.