September 21, 2018

Romanian CEOs cautious about economy evolution and optimistic on companies’ growth perspectives – PwC survey

A recent survey released by PwC shows that Romanian CEOs are cautious about the evolution of the economy. Some 42 % of them are anticipating a stagnation of the global economy, while 32 % anticipate a turn for the worse of the economic climate. Also, CEOs are more optimistic about the growth perspectives of their companies. 34 % are stating that they are very confident in their company’s capacity for revenue growth, while 52 % declare that they are somewhat optimistic. But compared with last year’s results, there is a slight decrease in optimism about the perspectives for growth of the companies. In what concerns the threats for the business environment, the local business leaders indicated the volatility of the economy (64 %), that of the capital market and of the exchange rate (59 %). The worries expressed one year ago regarding a possible increase in taxation as a consequence of the Government’s hunger for cash have somewhat eased, yet it remains a serious concern (50 % in 2012 as opposed to 67 % in 2011).

Source: Business-Review (read more)

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