Asia-Pacific CEOs Confident of Growth in the Long Term

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By Trey Thoelcke Published
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The crisis in the eurozone, the sluggish economy in the United States and the slowing expansion in China have taken a toll on the confidence of CEOs in the Asia-Pacific region. Results of survey by PricewaterhouseCoopers released ahead of the Asia-Pacific Economic Cooperation (APEC) summit later this week shows that only 36% of executives feel “very confident” of business growth over the next 12 months. However, 54% of them said they have a high level of confidence for the next three to five years.

The survey showed that the top economic risks to growth were a surge in oil prices to above US$150 per barrel, a recession in the United States, the breakup of the eurozone and the slowing of China’s growth to below 7.5% of gross domestic product. A major disruption of the Internet and a pandemic or natural disaster were also of concern.

CEOs in the Asia-Pacific region said China and the United States were their dominant targets for investment over the next three to five years. Russia, Indonesia, Australia, Hong Kong and Japan were also cited as top draws for investment.

Also, more than three-quarters of Asia-Pacific executives indicated their organizations were using green technology to increase efficiency. More than half said they were adopting water conservation techniques. To manage power usage and costs, 27% said they plan to generate their own power with renewable energy in the next three to five years.

Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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