More than half the Romanian CEOs (54 percent) say they are very confident in their business growth prospects in the next three years, as compared to a global average of 49 percent, show the results of PwC Global CEO Survey 2015 made public during the World Economic Forum in Davos, Switzerland on Wednesday.
On the other hand, 27 percent of the surveyed think the global economy will deteriorate in 2015, a three times higher percentage of pessimists from last year, when only 8 percent of the Romanian respondents thought the global economy will slump.
According to the PwC survey, 44 percent of the Romanian CEOs say they are very optimistic as to the prospect of an increase in the revenues of their companies in the next year (up from 39 percent last year), while another 40 percent show moderate optimism when it comes to a growth in revenues this year.
On the medium term, 54 percent of the Romanian CEOs say they are very confident in their business growth prospects in the the next three years, as compared to a global average of 49 percent.
Furthermore, over a third (38 percent) of the Romanian business executives believe the state of the global economy will remain unchanged, while 35 percent are more optimistic and think it will improve.
In Romania, as many as 63 interviews with the local CEOs were taken.
Davos Economic Forum at the 45th edition
Dozens of head of state and 2,500 business leaders have met this week at the 45th edition of the World Economic Forum in Davos. This year’s edition is taking place at a moment in which the world seems to be on the verge of a nervous breakdown, USA Today informs.
“This event is an extraordinary opportunity and keeps its validity because it’s able to attract so many interesting people from the world of business and government and other communities for a relatively informal and open conversation,” Ian Goldin, a Davos veteran and the director of the Oxford Martin School, a research institute attached to Oxford University, stated.
This year there is no shortage of global wounds that require bandaging at the Davos summit. As delegates get ready to assemble for the summit in the Swiss Alps, the world appears on the verge of a nervous breakdown, USA Today notes.
But Davos is more than a well-organized high-altitude and high-level summit in which all of the world’s ills are recounted. Klaus Schwab, founder and executive chairman of the World Economic Forum, pointed out that this year’s theme is partly about creating the conditions to restore confidence in the world’s future.
“Pessimism has become too much the state of mind of our time. I think we should particularly focus on the opportunities, not on the threats,” Schwab stated at a press conference.
27 per cent of the participants come from the United States, 10 per cent each from Switzerland and United Kingdom, while the Russian and Chinese delegations will each represent 2 per cent of the total.
German Chancellor Angela Merkel, US Secretary of State John Kerry and Chinese President Li Keqiang are among the noteworthy participants. Ukraine will be represented by President Petro Poroshenko and Finance Minister Natalia Ann Jaresko.
The critics of the Davos Forum always point out the big absentees from the event, this year their list including Russian President Vladimir Putin and ECB President Mario Draghi.