CEOs are more cautiously optimistic for their growth prospects in 2018.
Despite geopolitical uncertainty, CEOs are optimistic and faithful about the business environment worldwide.
According to PwC’s 21st CEO Survey, CEO optimism regarding global growth prospects for the next 12 months has peaked to its highest-ever level.
An unprecedented optimism
For the first time since 2012, when PwC first asked about the future of growth prospects, most of the surveyed CEOs did not coincide about improvement, until now.
Global commodity prices seem to have stabilized at a moderate level, relocating Russia and Brazil after they found themselves in recessions brought on by plummeting commodity prices and political unrest during 2014 and 2015.
As for China and the rest of Europe, they seem to have hoped on a steady recovery that looks to continue for the rest of 2018.
The U.S., on the other hand, has seen one of the longest stock market booms of its history as a pro-business agenda of Donald Trump has forced deep corporate tax cuts.
The last time North American CEOs were this exuberant was in 2007, the index states, one year before the global financial crisis.
Beyond North American shores, CEOs’ optimism is more tempered, according to the report, specifically regarding their own organization’s revenue growth prospects beyond 2018, however, they remain confident.