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CEOs believe economy will improve

Staff writer ▼ | January 22, 2014
Twice as many CEOs around the world as last year believe the global economy will improve in the next 12 months, and 39% say they are very confident their company's revenues will grow in 2014, according to PwC's 17th Annual Global CEO Survey.
CEO
CEOTwice as many CEOs around the world as last year believe the global economy will improve in the next 12 months, and 39% say they are very confident their company's revenues will grow in 2014, according to PwC's 17th Annual Global CEO Survey.


Global economy The number of CEOs who see improvement in the global economy over the next 12 months leapt to 44%, up from only 18% last year. And just 7% predict the global economy will decline, sharply down from 28% in 2013.

Regionally, CEOs in Western Europe are the most confident about short-term global economic prospects (50%), in line with signs of improving conditions. They are followed by those in the Middle East (49%), Asia Pacific (45%), Latin America (41%), North America (41%) and Africa (40%). CEOs in Central and Eastern Europe show the lowest level of confidence at 26%.

By industry, CEOs in the Hospitality and Leisure sector are most confident about prospects for the next 12 months (46%), followed by those in Banking and Capital Markets (45%), Retail (44%), Financial Services (44%), Asset Management (44%), Communications (44%), and Engineering & Construction (41%). CEOs in the Metals industry are least confident at 19%.

Revenue growth For their own companies, 39% of CEOs say they are ‘very confident' of revenue growth prospects for the next 12 months. That's up from 36% last year. Confidence in revenue growth reached a low of 21% in 2009.

CEOs in the Middle East, 69%, are the most confident of short term revenue growth, up from 53% last year. They are followed by those in Asia Pacific at 45%, up from 36% last year.


 

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