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Private-Company CEOs More Optimistic Heading into 2014

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Private-Company CEOs More Optimistic Heading into 2014

In latest 12-Month forecast, growth targets strong; hiring remains a barrier.

  • 43 percent of private companies signal confidence in the world economy, the highest level since the first quarter of 2011
  • 8.5 percent growth is projected for the next 12 months, up from 7 percent a year earlier (fourth quarter 2012) and outpacing forecasted US GDP growth
  • 57 percent of private companies plan to hire workers in 2014

Private-company CEOs’ optimism as they enter 2014 is fueling growth and hiring plans for the year ahead, according to a report issued today by PwC US.

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According to PwC US’s latest Private Company Trendsetter Barometer, optimism among private-company CEOs about the US and world economies has risen significantly since a year ago, particularly regarding the world economy. Forty-three percent of private-company CEOs say they are confident about the global economy – the highest level since the first quarter of 2011.

Forty-three percent of private-company CEOs say they are confident about the global economy - the highest level since the first quarter of 2011.

While 51 percent of respondents nonetheless remain uncertain about the world economy, their ambivalence is not deterring business activity. Private companies believe markets are strong enough to support their corporate agendas, both in the United States and abroad, according to the report. Almost one-third of respondents are planning major new capital investments in 2014, while nearly one in five are looking to acquire new businesses, compared with just 11% a year ago.

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