By Crystal Hsu / Staff reporterChief executive officers of local companies are confident about the economy this year, as 44 percent said they expect further improvement, up from 40 percent last year, a survey by PricewaterhouseCoopers LLP (PwC) showed. “Taiwanese CEOs are more positive about the growth outlook abroad than at home, consistent with a higher confidence reading for the global economy at 57 percent among peers worldwide,” PwC Taiwan chairman Joseph Chou (周建宏) told a news conference on Monday last week. Only 30 percent of chief executives are confident about revenue growth in the next 12 months, lower than the global average of 44 percent, the survey found. Foreign-exchange risks help account for the difference, as the ongoing appreciation of the New Taiwan dollar will erode corporate earnings if it does not weaken orders, Chou said. The issue also tops the list of concerns among global chief executives, followed by terrorism and geopolitical risks, the survey said.

Source: Taipei Times March 25, 2018 15:56 UTC