Romanian CEOs report third highest level of confidence in company growth perspectives worldwide

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In PwC’s 20th annual survey of CEOs worldwide, 38 percent (2016: 35 percent) are very confident about their company’s growth prospects in the next 12 months while 29 percent (2016:27 percent) believe global economic growth will pick up in 2017, a press release informs.

In sharp contrast to 2016, CEO’s confidence in their own one year revenue growth is on the rise in nearly every major country across the world with India (71 percent), Brazil, where confidence levels have more than doubled (57 percent), Romania (52 percent), Australia (43 percent) and the UK (41 percent) topping the table. Confidence also rose by 11 points in China to 35 percent, 6 points in the US to 39 percent and 3 points in Germany to 31 percent. In Switzerland confidence levels have more than doubled to 34 percent.

Romanian CEOs prove to be amongst the most optimistic business leaders worldwide, ranking as the 3rd most optimistic CEOs worldwide in terms of perspectives for growth of their companies, according to the results of the PwC Global CEO Survey 2017.

“This is due to the fact that in recent years Romania has witnessed high economic growth rhythms, well above the EU average, while the perspectives for the next few years are also positive, taking into consideration the continuation of the tax cuts and the sustained growth of internal consumption. However, in order to maintain and improve the country’s competitiveness there is a need to preserve the macroeconomic and fiscal stability, to accelerate the pace of structural reforms and the so much needed investments in infrastructure”, Ionut Simion, Country Managing Partener, PwC Romania stated.

The findings released today at the World Economic Forum in Davos show that while business leaders are more positive in their outlook, their levels of concern about economic uncertainty (82 percent), over-regulation (80 percent) availability of key skills (77 percent) remain very high.

PwC’s survey of CEOs in the region found that 38 percent are very confident about their company’s growth prospects for the next 12 months, the same as the global figure and up from 37 percent a year earlier. Twenty-eight percent believe global economic growth will improve, compared with 25 percent a year earlier and 29 percent globally.

 

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