CEOs’ confidence in the Malaysian economy is dropping, and they are now looking at the prospects of their firms more closely than before. This can be deduced from the latest Vistage-MIER CEO Confidence Index which plummeted to a two-year low of 87.3 points in 4Q2013, far below the optimism threshold level of 100 points.
Of the 323 respondents, only 7% were of the view that overall economic conditions in the country have improved lately, down from 18% polled a quarter ago and 9% in 4Q2012. Almost half (49%) of them saw no change in the economy, while another 44% thought that it has worsened in 4Q2013. Economic expectations are equally tepid. Most (47%) of the respondents expect the economy to remain the same in the next twelve months, while 37% are negative and only 16% foresee an improvement soon.
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Q4 2013 CEO Confidence Index Report
Q3 2013 CEO Confidence Index Report