Executives see light in recession mist

Both local and international captains of industry are beginning to see light through the mist of the recession, according to a newly published report. “Buoyed by a sustained stock market rally, however slight in some countries, executive attitudes about the state of the global economy ticked up in March, though the majority still feel we are in the midst of a ‘severe recession’ according to results from the latest Executive Quiz released by The Korn/ Ferry Institute,” says Raymond Chasenski, managing director of executive search firm Leaders Unlimited. Because South Africa usually lagged a number of months behind the United States and Europe the uptick was not as strong as it was in those countries, he said. “We will probably only see a comparable growth in positive sentiment in the second half of the year,” he added.