UK Bosses most confident about recession recovery

The 13th annual Global CEO report from PricewaterhouseCoopers (PWC) has found that British CEO's are more confident in boosting employment levels than companies on the Continent. 63 per cent of UK bosses showed a rising confidence in a 2010 recovery.

The survey conducted by PWC found that bosses are expecting a recession recovery with 43 per cent planning to increase their recruitment drive over the next 12 months and almost half of all chief executives showing confidence compared to just 29 per cent in 2009.

CEO's on the Continent appear to be less optimistic than their UK counterparts. The report found that that only 34 per cent of chief executives in the Netherlands plan to recruit more staff, followed by France at 30 per cent, 27 per cent in Germany and finally Spain with only 9 percent looking to employ more staff.

Whilst Britain leads the pack in Europe, the report found that confidence was significantly strong among the top business brass in Brazil, Russia, China and India. An astonishing 61 per cent of Brazil's top chief executives expect to employ more staff, echoed by India, with 59 per cent.

Dennis Nally, PriceWaterhouseCoopers' global chairman said that 'in the majority of fast-growing economies the recovery and turnaround is well underway, but CEOs in the countries hardest hit by the recession see its effect remaining through 2010 and beyond'.

UK bosses did however show some concerns regarding government over-regulation, macroeconomic imbalances and exchange rate volatility.

Job Centre Vacancies says: Although the BRIC economies showed strong signs of confidence, it's encouraging to see British CEO's leading the way in Europe. Confidence will help stimulate the economy. It will be interesting to see if the chief executives will be looking to just replace the workers they have shed over the last year or whether their recruitment plans involve expanding from pre-recession levels.

Next news article: Unemployment Numbers Drop To 2.46 Million