EY: The world economy is not spinning, but company managers are optimistic

By: Trademagazin Date: 2024. 03. 13. 13:49

The majority of CEOs expect profit growth this year, despite the unfavorable global economic environment, according to EY’s latest international survey of 1,200 CEOs in 21 countries, including France, Germany, and Italy. Decision-makers focus on increasing efficiency and would speed up organizational transformations.

Nearly two-thirds of business leaders expect rising revenues (64%) and profitability (63%), despite the fact that three-quarters (76%) believe that the world economy will barely grow. The vast majority of respondents (78%) believe that interest rates will remain high in the long term due to inflation.

“According to my expectations, this year can bring a revival in the domestic economy. Although the operating costs of companies will no longer fall to the level before the epidemic, the CEOs also realized this. And with organizational transformations, profitability can be increased even on a difficult course through increasing efficiency and reducing costs.”