Brainfood: Stat of the month - Business confidence

It's not just Indian and Chinese top executives who are strutting around.

by
Last Updated: 31 Aug 2010

Research from PwC shows that, as they step up for their piece of the world economy pie, executives in the Arab world carry a swagger as big as anyone's. Rated on their view of their country's economic future, senior board members of 14 states, including Saudi, Egypt and Syria, came out 35% more confident than US chief execs. And that's without even asking the oil bosses. But is it a case of naive over-confidence? Seemingly not.

Economic and political stability in the region has had positive results - the World Bank reports an average GDP growth of more than 5% for the past two years, and Arab leaders are sure this will continue. The figures echo Globescan's recent report, which found Iraqis and Afghans to be the world's most optimistic about their countries' economies. After all, when you're at rock bottom, there's only one way to go.

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