UPFRONT Upbeat executives

Business leaders are still upbeat about the global economy – though their enthusiasm has waned bit in the past four months, according to the latest McKinsey global survey of business executives.
The survey of 5500 executives in 113 countries found those in the rapidly expanding Chinese and Indian economies the most optimistic. The result is not surprising perhaps, given executives from larger companies in other economies plan to increase investments in those two countries which are also seen as important sources of talent.
Respondents say pricing is still under pressure, but many of them plan to boost IT spending and hire new employees in the coming months. The survey found IT and telecommunications to be the industries most likely to hire but least likely to raise prices.