Last year, 44% of Romanian CEOs said they were confident of growth in the next 12 months.
Thus, Romanian CEOs are among the most optimistic executives in the world, outranked by India CEOs (64%) and Spanish CEOs (54%), but 15% above the global average, of 35%.
Over the medium term, 61% of the executives say they are very confident in revenue growth perspectives in the next three years, compared with 54% last year, and above the global average of 49%.
The optimism over revenue growth also mirrors an optimistic attitude towards hiring, as 56% of the local CEOs plan to hire new people in the next 12 months, while only 18% of them are considering layoffs.
“The optimism of Romanian CEOs is triggered by the economic growth in the last three years as well as by the 4% GDP growth estimated for 2016. Nevertheless, we should watch out the storm clouds gathering above the emerging and capital markets, and make sure we are not taken by surprise in case of a new international crisis similar to the one in 2008. To protect the Romanian economy, we should continue structural reforms, the reduction of bureaucracy, the reforming of the public sector and the improving of the country’s infrastructure, so that Romania would remain on the list of attractive destinations for investments,” said Ionut Simion, PwC Romania country managing partner.
PwC Global CEO Survey reveals the gloomy perspectives over the global economy in the next 12 months. Thus, on a global level, 66% of the over 1,400 surveyed CEOs consider that companies are currently subject to greater risks than three years ago.
China’s economic recalibration, the oil price collapse and the concerns over geopolitical security are increasing the insecurity over the chances of growth for the global economy.
Globally, only 27% of the CEOs are confident in the improvement of the global economy over the next 12 months, compared with 37% last year, and 23% of them consider the global economy would worsen, compared with 17% last year.