By Kalen Smith, Big4.com Blogger

Pricewatercoopers conducted a survey of 1,258 CEOs to assess their outlook of the world economy and their own companies. The results of the survey found that CEOs were increasingly pessimistic about the future of the global economy. However, they were more optimistic about their own revenues.

Nearly half of the CEOs polled in the survey said they felt the global economy would decline in strength this year. Only 15% believed the economy would improve.

Despite their concerns over the future of the economy, 40% of CEOs expect revenues to increase within their own organizations. In addition, more than half expect to hire more workers.

Although the survey found CEOs are still optimistic about the future of their own companies, it found they are more concerned than last year. The survey conducted in 2011 found that more than half of CEOs were highly optimistic that revenue would grow and they would hire more employees. Also, only 46% of survey respondents were highly confident over the developments in the economy over the next three years, a decline from 51% last year.

According to Dennis M. Nally, chairman of PricewaterhouseCoopers International, chief executive officers are not impressed with the recovery. Nevertheless, they believe that they can deliver on their promise to grow revenues in spite of the current state of the economy.

CEOs from Western Europe were the most concerned about the future of the economy. Only 25% of survey respondents in that region were optimistic about revenue growth.

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