Decreasing Confidence of European Businessmen – According to The Telegraph, confidence of European business is shaky in the beginning of the year and also at the meet. Only one-fourth of them are hopeful of the European economy of becoming stable. This data was given by Pricewaterhousecoopers (PwC). PwC states that the European economy will worsen in the coming months. This trend will also be observed in Asia, which will witness the sharpest drop in economic growth. PwC reveals that only 55 percent of Indian CEOs are confident about the economy this year, while the number was 88 percent last year. 51 percent of Chinese CEOs are “very confident” about their economy this year, when compared to 72 percent of previous year. 41 percent of U.S. CEOs were optimistic about their economy, when compared to 45 percent of last year. Dennis Nally, Chairman of PwC said, "The optimism that had been building cautiously since 2008 has begun to recede. The ongoing debt crisis in the European Union, along with other lingering economic uncertainties, has deflated confidence in business growth around the world." Nally further said, "Even the fast-growing economies Asia and Latin America are not immune to the realities of continued economic stagnation. Chief executives all around the world are concerned about the health of the global economy." Ian Powell, PwC Chairman and Senior Partner, said , "In the UK, there is little doubt that the outlook remains tough and complex but the UK benefits from having a credible and robust plan for bringing our public sector deficit down." Powell also said, "Growth opportunities still exist, particularly in faster-growing emerging market economies. The challenge now is to ensure that the experience of slower growth in traditional markets and the uncertainty created by more volatility does not prevent them taking advantage of these areas of new opportunity."