Apart from being capable, CEOs can apparently look into the crystal ball and predict the future with startling prescience. Here’s proof: Every year since 1997, Pwc has been surveying CEOs around the world, and a recent look back to analyse the predictive accuracy of these leaders has shown that there is a strong connection between how well they think their organisations will fare, and the actual global GDP growth the following year. Basically, high revenue confidence on the part of the CEO is a positive indicator for the direction of the global economy. So what does 2019 hold in store for us? The 22nd Annual Global CEO Survey of 1,378 chief executives in over 90 territories has unfortunately demonstrated that, if CEO confidence is anything to go by, global economic growth will slow down this year. Read on to see snippets of the survey results.
Here’s what’s happening
“Interestingly, I do believe that the escalation taking place between China and the United States is actually leading to renewed opportunities within Asean. I think supply chains are getting disrupted, and I do believe Asean will be a net beneficiary of this disruption as companies look to a ‘China-plus- one’ model, or perhaps even consider moving out of China to be able to continue selling to the United States.”
JAIME AUGUSTO ZOBEL DE AYALA, CHAIRMAN AND CEO, AYALA CORPORATION IN THE PHILIPPINES
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