Excessive red-tape CEOs’ top gripe

Excessive regulation has become the top concern among international CEOs for the first time since 2006, despite efforts to simplify and improve the quality of existing and new legislation.

The latest global CEO survey — conducted by PricewaterhouseCoopers — shows confidence amongst business chiefs in Europe is waning; with 27% “very confident” about short-term revenue growth, compared to 30% at the same time last year.

Furthermore, Europe’s CEOs are less confident than their counterparts in the US; with 34% upbeat about revenue growth over the next three years, compared to 46% of their transatlantic cousins.