Asia Pacific CEOs emerged as the most optimistic about the prospects for a stronger economy in the coming year, according to a survey.The PwC’s 25th Annual Global CEO Survey – Asia Pacific, which polled 4,446 global CEOs including 1,618 from Asia Pacific between October and November 2021, showed that 76 percent of respondents predict the global economy will improve, while only 17 percent expect worsening conditions.
Optimism is trending upwards in most countries within Asia Pacific — the most positive being India, Indonesia, Malaysia and Singapore where ~90+ percent of CEOs anticipate global growth in the coming year. However, CEOs in China are feeling less optimistic than they were a year ago, down 9 points to 62 percent.
CEOs’ optimism is high for the most part, but they are also well aware of potential threats that could impact their companies over the coming 12 months. Raymund Chao, PwC Asia Pacific and China Chairman, commented: “In 25 years of documenting CEO sentiment toward and reactions to transformative trends, our inaugural Asia Pacific report highlights more than ever the unique challenges facing senior executives in the region. Translating global and regional economic fundamentals into revenue growth remains the priority.
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