Businesses See Costs, Euro as Growing Concerns, Report Says

Global businesses see cost cutting and pricing pressures as well as uncertainty over the future of the euro region as increasing concerns for expansion in 2011, according to a report by Ernst & Young LLP.

Cost cutting is now seen as the second biggest risk, up from sixth slot last year, with pricing moving up 10 places to fifth, Ernst & Young said in its fourth annual Global Business Risk Report today. Regulation and compliance issues remain the biggest concern for global businesses.