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Asia-Pacific CEOs in a gloomy mood

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Asia-Pacific CEOs in a gloomy mood

3News NZ

Business leaders were more optimistic about long-term growth (file)

Business leaders were more optimistic about long-term growth (file)

By Adam Gartrell, NZN Diplomatic Correspondent

Only a third of chief executive officers across the Asia-Pacific region are confident their businesses will grow over the next 12 months.

A PricewaterhouseCoopers survey of 376 of the region's top business bosses show there's concerns about the prospects of oil price spikes, another US recession, slowing growth in China and more turbulence in the eurozone.

Many are also worried about the possibility of cyber attacks, pandemics and natural disasters.

Just 36 per cent of the CEOs surveyed between June and August across 40 countries said they were "very confident" revenue would grow in the coming year.

But the survey - released as part of the Asia-Pacific Economic Cooperation (APEC) CEO Summit that precedes this weekend's leaders meeting at Vladivostok in Russia - found business leaders were more optimistic about the longer term outlook.

Fifty-four per cent were very confident of growth over the next three to five years.

And 40 per cent said they planned to expand their workforce by at least five per cent in the same period.

More than 40 per cent of CEOs ranked China as the most important growth driver for their company - meaning a slump in Chinese growth would have a big effect.

In contrast, just 20 per cent of CEOs named the US as their primary growth driver.

Even though the eurozone crisis had highlighted the risks associated with economic integration, most Asia-Pacific CEOs believed the drive towards deeper economic and commercial links was on track, or even accelerating.

NZN

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Comments

8/09/2012 10:41:18 a.m.

David wrote:

@Mike National had nothing to do with export growth as you well know... also you conveniently miss out on half of labours term in ooffice...probably because they outshine National. Saying stuff for the sake of it doesnt make it true in any regard Mike. You make alot of assertions like any manipulator... but you provide 0 proof. So links please Mike with supporting evidence for your statements. Oh wait, you dont have any... using lies in posts as you always do mike.. doesnt make any of it true whatsoever. And as you well know... food commodities since the recession have been skyrocketing because of a lack of supply... again, National didnt do this the market did. Intelligent people know this... and you just dont. Oh and what is your obsession with paedophiles? are you one. The fact that TV3 lets you mention it out of context to anything realistic is kind of disturbing... perhaps they should inform the police of your obsession. Poor chiddren of the country.

8/09/2012 8:12:43 a.m.

Mike wrote:

@David

Labour boom years export growth 2000-2005 5%

National recession years export growth 1008-2011 11%

Labour was so having fun overseas, like the 1 bedroom apartment for non-spousal entertainment purchased in the UK for several million, or the Thai tours that involved girls as young as 12, or using diplomatic immunity that saw someone booted from the US when underage sex crimes were alledged that saw us fly a RNZAF to help them avoid justice as they were not allowed to use commercial transport by the US.

Labour played tyhe Sanlu solution to everything, be it babies dying - do nothing. Our troops have no proper bullet proof vests to stop an AK round in Afghanistan - do nothing. EU arrest 11 NZ employees on trumped up charges - do nothing. The export growth stands for itself - Labour did nothing! NZ min wage and benefit levels as measured internationally - seen more growth under National through recession.

Now to me, having someone not trying to use NZ for a way to get away with peado activities under the cover of diplomatic immunity around the world like happened under Labour, and having someone who grows NZ exports as National is doing is much better.

I bet if Keys was having underage sex with kids, David would be the first to scream, but when one of his idols did the same, that was okay? Need to be a David Deviant to think that way.

NZ high tech manufacturing is experiencing high levels of growth. NZ manufacturing needs to look to our sucesses and what they can learn from them. NZ needs to work better and stop moaning. Unions need to stop stabbing business in the back and work with business for the benefit of workers and NZ.

What about the $29 billion Labour disappeared - that was criminal! If sentences were given that matched Capital and Finances tap on the hand for disappearing $160 mil, we would see over 3500 years spread between Labour members involved in the $29 billion 'disappeared' from NZ.

7/09/2012 10:47:28 p.m.

David wrote:

But here at home John Key and his cronies in the form of the new head of the super ministry are predicting great things. But I forget that John Key lives in wonderland and his predictions always prove false with things like growth and employment. When will people get sick of being lied too I wonder. Obviously a few National party sheep will come and baa in favor of John key... but how honest are they? as honest as Key himself... which is to say... not at all.