Key findings from portuguese CEOs 23rd Annual Global CEO Survey
What a difference two years can make. In 2018, the 21st PwC's Global CEO Survey revealed a record level of optimism regarding global economic growth expectations. This year as CEOs look into 2020 we are witnessing a record level of pessimism, both globally and in Portugal. For the first time, more than half of the CEOs (53% global and 56% in Portugal) believe that the GDP growth rates should fall. This greater caution resulted in less confidence by the CEOs in their own companies' growth prospects. Only 27% of the CEO are now "very confident" (20% in Portugal) regarding their revenue growth prospects for 2020, a level not seen since 2009.
So what is affecting the future vision of leaders? In a word, uncertainty.
Conducted in September and October of 2019, PwC’s 23rd Annual Global CEO Survey of 1,581 chief executives in 83 territories explores the sources and manifestations of uncertainty and how CEOs are taking action and overcome the challenges.Explore key findings
responses from Portuguese CEOs (1.581 global).
of CEOs in Portugal believe that economic growth will decrease (53% global).
of Portuguese CEOs are "very confident" (27% global) regarding the prospects for growth in their companies' revenues for 2020.
“Commercial conflicts” are now the main concern of national CEOs (34.7% global)
“According to our global study, there are several factors that inspire uncertainty, namely structural, economic or technological. CEOs now have additional challenges and must know how to deal with this uncertainty, ensuring that their teams are prepared for the upcoming years.”