Only 36 percent of European senior executives say the E.U. economy is currently growing, and a like number is optimistic about its prospects for the next 12 months, according to the PricewaterhouseCoopers Management Barometer.

However, despite the executives' gloomy outlook for Europe, 66 percent said that the world economy is now growing, up from 39 per cent the previous quarter, and the same percentage is optimistic about the global economy for the next 12 months.

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