A Quarter of Brazilian Executives Think Worst of World Crisis Is Over

Dawn in São Paulo, Brazil All over the world, the number of executives who believe that the global economic crisis is diminishing has doubled. This is shown in study Executive Quiz, by Korn/Ferry Institute. According to information supplied by the institute, 13% of the executives interviewed in the research in late March said they believe that the global economy is improving.

Among those interviewed in early March, in the first research, just 7% were optimistic. The research targeted executives in over 70 countries, among them Brazil.

The differences between the answers of executives from Brazil in early and late March were also great. Whereas in the first period, 16% of Brazilian executives believed in the recovery of the global economy, in late March, those believing in recovery were already 25%.

The research also included other areas of interest to the business world, like the involvement of governments in company decisions. When enquired about what part must be played by the government in the decisions of companies regarding dismissals and the hiring of executives, 83% said that there should be no government interference.

Regarding government help to companies, 11% of those interviewed believe that the government is responsible for helping companies out of the crisis. Another 16% believe that their own businesses are responsible for that and 17% believe that the responsibility is of consumers. Most, or 56%, believe the three factors are important.

"The hope of all is that we may have reached rock bottom and are now heading for recovery. However, the results of our research show conflicts between government and companies, and these relations need adjusting," analyzed Sergio Averbach, chairman of Korn/Ferry International – South America.

Anba

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