Poll: CEOs are More Upbeat on World Economy
With the worst of the global financial crisis behind them, CEOs are ready to move on from the fight for survival their businesses have been in for the past few years, a survey found Tuesday (Jan. 21).
The Associated Press reported that accounting and consulting firm PricewaterhouseCoopers, which conducted the survey, said the world’s corporate leaders are ‘‘gradually switching from survival mode to growth mode.’’ That could lead to more investment, growth and jobs.
For activists, however, the concern is to make sure any gains are distributed more evenly: the growing concentration of wealth in the hands of a super-elite has, they say, fueled global inequality and eroded trust in political institutions and businesses.
PwC’s findings came as political and business leaders gathered in the Swiss ski resort of Davos. In its annual report at the start of the World Economic Forum, it found the mindset of CEOs has ‘‘less to do with sheltering from economic headwinds and more to do with preparing for the future.’’
Despite that improvement in sentiment, PwC said further gains may prove more difficult. Generating growth is ‘‘getting increasingly complicated’’ as the global economy finds its footing following years of crisis that have left their mark in the way business is conducted across all sorts of sectors.
In an interview with The Associated Press, PwC Chairman Dennis M. Nally said the next big challenge will be the cost and complexity of dealing with a thicket of new regulations that have sprung up since the financial crisis exploded in 2008 and sent the world skidding to its deepest recession since World War II.
‘‘Whenever you have an event like the financial crisis that we have just been through, you always see this pendulum move one way, and it is going to take some time to bring it back into balance,’’ Nally said. ‘‘It’s not as if there’s clear sailing for the foreseeable future.’’
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