Global business leaders are shifting their focus away from survival towards planning for growth in 2012 and beyond, citing increasing revenue as their top priority, above cost-cutting.

That's according to a survey of more than 500 senior executives released today by AlixPartners LLP. However, even though 69 percent of those say their companies are sitting on as much or more cash today as three years ago, 62 percent see a sovereign-debt default in the euro zone as likely this year while 63 percent think the same way regarding a double-dip recession in the global economy.

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