Romanian CEOs’ confidence deteriorates amid expected economic slowdown

CEOs’ concerns about a potential slowdown of the global economic growth rate translate into diminishing trust in the performance of their organizations, both in the short and medium-term, according to PwC Global CEO Survey.

In Romania, the percentage of respondents saying they are confident in the capacity of development of their own companies over the next 12 months has decreased to 32%, from 38% last year and 52% in 2017.

CEOs’ dwindling optimism has an impact on expansion plans outside their home territory. More than a third of the Romanian executives (35%) surveyed consider that expansion becomes uncertain.

(Photo source: Pixabay.com)