Romanian CEOs, more optimistic about the growth perspectives of their companies. High caution on global economic context

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44 percent of Romanian CEOs state that they are highly optimistic about the revenue growth perspectives of their companies in the next year, up from 39 percent last year, according to the results of PwC’s Global CEO Survey 2015, released recently at the opening of the World Economic Forum Annual Meeting in Davos, Switzerland.

Other 40 percent of respondents are moderately optimistic about revenue growth this year. On the medium term, Romanian CEOs’ optimism is even higher, with 54 percent stating that they are highly confident in their companies’ growth perspective in the next three years (more than the global average of 49 percent).

However, 27 percent of Romanian CEOs think that the global economy will deteriorate in 2015, three times as many pessimists as last year when only 8 percent of Romanian respondents thought the global economy would decline. 38 percent of Romanian CEOs believe that the global economic situation will stay the same, while 35 percent show more optimism and believe it will improve.

On a global level, fewer CEOs than last year think global economic growth will improve over the next 12 months, though confidence in their ability to achieve revenue growth in their own companies remains stable, say the more than 1,300 CEOs interviewed in PwC survey.

Thus, CEOs are less optimistic about global growth prospects than a year ago, with 37 percent of CEOs thinking global economic growth will improve in 2015. This is down from 44 percent last year. Significantly, 17 percent of CEOs believe global economic growth will decline, more than twice as many as a year ago (7 percent). The remaining 44 percent expect economic conditions to remain steady.

Despite the overall declining outlook for the global economy, CEOs remain confident about prospects for their own company; 39 percent worldwide said they are ‘very confident’ their company’s revenues will grow in the next 12 months. That’s the same as last year; though up slightly from 36 percent in 2013.

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