Chief executive officers (CEOs) around the world have expressed confidence about the economic revival. In a survey, around 76 percent of CEOs of various countries of the world expect that the global economic revival in 2021 will be better after the coronavirus epidemic.
The 24th annual global CEO survey of leading consulting company PWC has included 5,050 CEOs from 100 countries and regions, including India. Nearly 36 percent of the participants in the survey have expressed complete confidence about their organization’s potential for income growth in the next 12 months. Last year in 2020, this figure was 27 percent. PwC said in a press note that 76% of global business leaders predicted economic growth to be better than a year after the COVID-19 pandemic was declared. The survey was conducted between January and February.
More trust this time
It says, “The percentage of CEOs predicting better growth is higher than 22 percent in 2020 and 42 percent in 2019. In the survey being conducted since 2012, the level of trust is much higher this time. According to the survey, the CEO’s estimate of global economic growth is very strong, especially in North America and Western Europe. CEOs are also very optimistic about the landscape of their companies.
Things will improve in the next 12 months
PwC Chairman Sanjeev Krishna in India said, “The fear of another pandemic remains the biggest challenge for company heads across the world. Most Indian CEOs in the survey believe that global economic growth will improve in the next 12 months. In the survey, 30 percent CEOs expressed concern about climate change while in 2020 it was 24 percent.