Chief executives have more hope for company than country

Tue, May 29, 2012, 01:00

A survey of chief executives from Irish business shows that while 44 per cent are confident about the prospects for their own business, only 22 per cent have a favourable outlook for Ireland’s economy in the year ahead.

The PWC CEO Pulse Survey of 195 executives found that those from indigenous businesses are more positive about the outlook (29 per cent) compared to their multinational counterparts (19 per cent). The vast majority of multinational CEOs indicate that their investment in Ireland is considered to be a success. Echoing that sentiment, 86 per cent said they are either increasing or holding their investment in Ireland.

Over half are anticipating a growth in revenues and profits, while a third said they would recruit staff in the coming year. However, 28 per cent indicated that talent constraints on the Irish market could potentially curtail new market opportunities and reduce profits.