Greek executives are more optimistic over economic developments in the country, with the EASE/ICAP-CEO General Index rising to 120 points during the fourth quarter of 2015, reflecting Greek CEOs’ cautious optimism over the course of the economy and of crucial issues which have to be resolved in the framework of a third reform program agreed with the country’s creditors. The CEOs also recognize the risks from any delay in implementing the program which could prolong a recession.
An analysis of the result shows an advance of the index in all enterprises’ results, particularly small- and medium-sized enterprises. The current status index grew to 106 points in the fourth quarter from 94 in the third quarter, while the CEO expectation index rose slightly to 131 points from 131 over the same period, respectively.
The percentage of Greek CEOs saying that the current economic situation has worsened fell to 82 pct in the fourth quarter from 90 pct in the previous quarter, while the percentage of CEOs expecting an improvement in the economic situation in 2016 rose to 23 pct from 22 pct.
Improvement in one year
The percentage of CEOs saying that the economic situation of their business sector was improved than a year ago, grew to 9 pct from 6.0 pct in the third quarter, while the percentage of CEOs expecting an improvement in one year was 21 pct (24 pct for CEOs of very large enterprises).
The current employment index rose to 97 points in the fourth quarter from 91 in the previous quarter, while the employment expectations index grew to 127 points from 122.
The economic sentiment index EASE/ICAP-CEO General index was compiled by the Association of Chief Executive Officers and ICAP Group on a sample of 3,020 CEOs.
Source: http://www.tornosnews.com
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