PwC: Economic Optimism Doubles

The proportion of CEOs who believe global economic growth will improve over the next 12-months has more than doubled year-on-year. At the same time, the proportion of CEOs concerned about their long-term business viability has risen to 45% as tech and climate pressures accelerate, according to PwC’s 27th Annual Global CEO Survey, published today.

The survey, which interviewed 4,702 CEOs across 105 countries and territories, found that 38% of CEOs are optimistic about global economic growth prospects over the next 12-months, up from 18% in 2023. CEO expectations of economic decline have also tumbled from a record high in last year’s survey (73%) to 45%, as perceived exposure to inflation and macroeconomic volatility fell by 16 percentage points (to 24%) and 7 percentage points (to 24%) respectively. Despite ongoing conflicts, the proportion of CEOs who felt their company is highly or extremely exposed to geopolitical conflict risk fell 7 percentage points (to 18%).

Read more here … https://outlookseries.com/A0766/Financial/3857_PwC_Economic_Optimism_Doubles.htm

Vishal Marria weighs in with his thoughts.