EY: The world economy is not spinning, but company managers are optimistic
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.”
emphasized dr. Péter Vaszari is a partner in EY’s area dealing with corporate takeovers and acquisitions.
Related news
What can companies do for workplace well-being?
Is workplace well-being just a good-sounding concept, or is it…
Read more >International research: job security is more important to young people than their salary
In recent years, it has become extremely important for employees…
Read more >Free cereals can come
Mycotoxins produced by plant pathogenic fungi belonging to the genus…
Read more >Related news
Valeo Foods Completes Acquisition Of Appalaches Nature
Valeo Foods Group has completed the acquisition of Appalaches Nature,…
Read more >Carrefour grows in France and Brazil, lags behind in rest of Europe
Carrefour says it is rather pleased with its financial results…
Read more >Food and beverage innovation plunges nearly 50% since 2007: Mintel
The market research firm said about a quarter of items…
Read more >