PwC - CEOs Less Optimistic about Global Economy for 2015 but Confidence in Growth of Their Own Companies Remains Steady

en

Fewer CEOs than last year think global economic growth will improve over the next 12 months, though confidence in their ability to achieve revenue growth in their own companies remains stable, say the more than 1,300 CEOs interviewed in PwC’s 18th Annual Global CEO Survey. Results of the survey were released today at the opening of the World Economic Forum Annual Meeting in Davos, Switzerland.

<< Back
  • Cover 18th CEO survey PwC Luxembourg

CEOs know they must be adaptable to disruptive changes in technology and in their markets. They need to put technology at the core of their business to create value for customers. Finding new ways of thinking and working in this new competitive landscape is critical to success

Didier Mouget, Managing Partner de PwC Luxembourg

Global Economy
CEOs are less optimistic about global growth prospects than a year ago, with 37% of CEOs thinking global economic growth will improve in 2015. This is down from 44% last year. Significantly, 17% of CEOs believe global economic growth will decline, more than twice as many as a year ago (7%). The remaining 44% expect economic conditions to remain steady.

Revenue Growth
Despite the overall declining outlook for the global economy, CEOs remain confident about prospects for their own company; 39% worldwide said they are ‘very confident’ their company’s revenues will grow in the next 12 months. That’s the same as last year; though up slightly from 36% in 2013.

Commenting on the survey results, Didier Mouget, Managing Partner of PwC Luxembourg, says:  “The world is facing significant challenges: economically, politically and socially. CEOs overall remain cautious in their near-term outlook for the worldwide economy, as well as for growth prospects for their own companies. Luxembourg CEOs can rely on the country’s financial stability and triple A credit rating. Luxembourg has navigated the storm and performed well throughout the global financial crisis with a five-year average growth of 2.5%."

Strategies for Growth
CEOs rank the US as their most important market for growth over the next 12 months, placing it ahead of China for the first time.  Overall, 38% 0f CEOs say the US is among their top-three overseas growth markets, compared with 34% for China, 19% for Germany, 11% for the UK and 10 % for Brazil.

CEOs say they will undertake a number of business strategies to strengthen their companies in the coming 12 months. Overall, 71% say they will cut costs, 51% will form strategic alliances or joint ventures, 31% will outsource a business process or function, and 29% will complete a domestic M&A (up from 23% last year).

What worries CEOs most?
Over-regulation again tops the list of concerns, named by 78% of CEOs worldwide. This is up 6 points from last year and is now at the highest level ever seen in the survey.

Other top concerns cited by CEOs are availability of key skills (73%), fiscal deficits and debt burdens (72%), geopolitical uncertainty (72%), increasing taxes (70%), cyber threats and the lack of data security (61%) - going up rapidly from 48% last year – as well as social instability (60%), shifting consumer patterns (60%) and the speed of technological change (58%).

The Digital Age
The emergence of digital technology has completely changed how companies do business; 58% of CEOs are concerned about the speed of technological change compared with 47% last year. Mobile technologies are seen by 81% of CEOs as most important to their company, followed by data mining and analysis (80%), cybersecurity (78%), socially enabled business processes (61%) and cloud computing (60%). Companies get the most benefit from digital technologies in the areas of operating efficiency (88%), data and data analytics (84%) and customer experience (77%).

“CEOs know they must be adaptable to disruptive changes in technology and in their markets. They need to put technology at the core of their business to create value for customers. Finding new ways of thinking and working in this new competitive landscape is critical to success,” concludes Didier Mouget.

The full survey report with supporting graphics can be downloaded at www.pwc.com/ceosurvey.

Back to top  | << Back

Communiqués liés

Luxair
02/02/2023

Miles & More : gagner et dépenser des miles, maintenant sur...

Pour répondre à la forte demande des clients, Luxair annonce l'extension du pr...

Luxair
CACEIS
02/02/2023

CACEIS renforce son offre de services aux ETF en choisissan...

CACEIS complète ses prestations de services aux ETF en nouant un partenariat av...

CACEIS
NO-NAIL BOXES ISIBOX 66 3
01/02/2023

Les emballages responsables de NO-NAIL BOXES au LogiMat

Vous êtes à la recherche d’une solution d’emballage responsable ? Alors, ...

NO-NAIL BOXES
DSC01845
01/02/2023

Première édition des Roues Ovales Luxembourgeoises – Tou...

DSM Avocats à la Cour, en collaboration avec ROTOMADE, Degré110 et Backtosport...

DSM
CliffordChance
01/02/2023

Clifford Chance advises the EIB on its first GBP-denominated...

International law firm Clifford Chance has advised the European Investment Bank ...

Clifford Chance
Jan Saalfrank HD small
01/02/2023 Personnalités

Pinsent Masons renforce son bureau luxembourgeois avec l’a...

Pinsent Masons renforce son bureau luxembourgeois avec l’arrivée de Dr. Jan S...

Pinsent Masons

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more