Almost Third of Russian Companies' CEOs Confident in Business Growth in 2017

Almost one third of Russian CEOs are confident in the growth of their companies throughout 2017, which is 5 percent more than in 2016, PwC said in its Annual Global CEO Survey presented in Davos on Monday.

DAVOS (Sputnik) — At the same time, only 20 percent of Russian CEOs expect the global economic growth to improve in 2017.

"31 percent of Russian CEOs are very confident of their company's growth in the next 12 months, 5 points up on last year but 7 points below this year's global average (38%)," the survey reads.

According to the survey, in the longer term as much as 41 percent of Russian CEOs are very confident of their company growth over the next three years.

Top economic threats cited by the Russian CEOs are exchange rate volatility, overregulation and geopolitical uncertainty.

The PwC survey was carried out between September and December 2016 and collected opinions of 1,379 CEOs from 79 countries.