CEOs deliver ‘increasingly dire’ economic outlooks

July 2, 2022

CEOs are giving out mixed messaging when it comes to economic outlooks, according to two separate surveys.

Less than half of CEOs have “very strong” or “strong” expectations about their organization’s growth over the next 12 months, according to a report from Deloitte. This is down 16 per cent from January and 28 per cent from a year ago.

And less than 10 per cent are very optimistic about the global economy, compared to five months ago when 12 per cent felt pessimistic or very pessimistic about the global economy.

However, 72 per cent of CEOs are optimistic about their company’s performance while 46 per cent have a positive outlook for their industry.

“The complexity and uncertainty of the economic environment are weighing on CEOs today as they plan for the next 12 to 18 months while navigating a myriad of disruptive factors such as inflation and supply chain issues, talent and skills gaps, and geopolitical instability,” says Joe Ucuzoglu, CEO of Deloitte US.

“But despite lower economic growth expectations shared by CEOs, they remain relatively optimistic about the performance outlook of their own organizations.”

Source: HR Reporter