Confidence of the heads of international companies has grown in spite of Brexit and the Tramp

Top managers of large international companies are more confident in the growth prospects of their businesses than a year ago. If in 2015 this forecast in its business was given by 35% of respondents, then in 2016 there are already 38%, it follows from a survey held annually by PricewaterhouseCoopers (PwC, the study is at). 49% of respondents are confident in their future and in the next three years, while 29% believe that there are good prospects not only their companies, but the global economy as a whole. The survey involved 1.4 thousand people from 79 countries.

“Despite the events in the world in 2016, the heads of major companies are once again beginning to feel the confidence she returns, albeit at a slow pace, and still have not reached the level of 2007. The optimism once again spreading around the world, including in the UK and the USA, where, despite predictions of a fall in stock prices as a result of winning [the presidential elections Donald] trump for election and the pessimism in connection with the decision of the UK about leaving the EU, the confidence of CEOs in the growth of their business strengthened compared to the 2016” — quoted in the message words of the President of the international network of PwC Bob Moritz.

Brexit and that is the election trump Western politicians and businessmen has been repeatedly linked with a new period of uncertainty. Despite this, as noted by Moritz, study participants compared to last year began to invest in the US or the UK. The top managers called in the three countries where the highest projected growth. First place went to just the US (43% of respondents are confident in the prospects of the country), second — China (33%). The leaderboard looks different than six years ago — then the heads of large companies had more confidence in China growth (39%), and the United States took second place with a lag of almost twice (21%). In the top five in 2017 has also been found in Germany (17%), UK (15%) and Japan (8%). Russia this year is not on the list, although in 2011 its growth was calculated by 10% of respondents.

The PwC survey also showed that CEOs of large companies are concerned about globalization: 58% of executives reported that they increasingly difficult to find a balance between it and the increasing tendencies toward protectionism, and 44% indicate that it helps reduce the gap between the wealth of the rich and the poor. The company conducts surveys since 1998, and all this time the respondents were “sufficiently” confident in the benefits of globalization. At the same time, 60% believe that globalization helps to facilitate the flow of capital, people, goods and information. However, members of the public (5 thousand persons from 22 countries, which also for this reason interviewed PwC) on this issue is more skeptical: the effect of globalization see only 38% of them.