(MENAFNEditorial)
Chief executives of global businesses are confident about their companies’ ability to grow over the next three years and are expressing confidence about the prospects for the global economy according to a new study from KPMG International which tracks insights on the coming three years. CEOs also identified expansion outside their home countries as the number-one area to devote significant capital to over the next three years.
According to the “2015 KPMG CEO Outlook Study” of 1278 CEOs 69% of CEOs in Europe 66% in Asia Pacific and 52% in the U.S. are more confident than they were last year about growth and the global economy in the next three years. In assessing their own company’s growth prospects 70% of European CEOs and 68% of Asia Pacific CEOs indicated they are more confident than a year ago. In the U.S. where the recovery is well underway 19% are more confident than a year ago with another 46% expressing the same level of confidence about their prospects for growth. Most importantly CEOs globally are set to hire with 78% of respondents indicating they are expecting to be in hiring mode through mid-2018.
“The overall message we’ve gotten from CEOs around the globe is that they are positive about their prospects over the next three years and importantly that they are looking to hire more people” said John Veihmeyer Global Chairman of KPMG International. “There is a more positive change in confidence versus the prior year in Europe and Asia compared to the U.S. which is in part reflective of the U.S. being in a more advanced stage of the economic recovery.”
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