A global survey reveals that 60% of employers from companies around the world are optimistic about global growth in the next 12 months, an increase from 38% in previous year.
However, 29% of CEOs remain concerned about economic volatility and inflation, warning of the potential for substantial financial losses due to macroeconomic instability.
Still, the results may not fully reflect the current situation, as the survey, carried out by accountants PwC across 109 countries, was mostly conducted before the US election, between October 1 and November 8, 2024.
Carol Stubbings, PwC’s global chief commercial officer, stated that business leaders are now facing a combination of optimism about the economy and the need to reinvent their businesses to create value for the future.
PwC ranked Britain as the second-top country to invest in. Finance Minister Rachel Reeves responded to the survey, emphasizing that investment would drive economic growth. Over 50% of British bosses expressed optimism about economic growth, an increase from 39% in 2023.
The survey also found that advancements in generative AI did not lead to job reductions. Additionally, most CEOs noted that climate investments either reduced their costs or had no impact on them. However, 24% mentioned that complex regulations were making climate investment more challenging.
