Government and the Global CEO
Based on findings from PwC's 15th Annual Global CEO Survey, this report explores the changing relationship between government and business.
Economic uncertainty and volatility, lack of stability in capital markets, and tumbling short-term business confidence mean the onus is on governments to help lay the foundations for a stable and lasting global recovery. This report sets out the policy and public sector delivery responses needed to address the challenging conditions businesses are facing.
Key findings:
- 65% of CEOs are concerned about governments' responses to fiscal deficits and the debt burden. Prioritisation, making tough choices and doing more for less (or increasingly the same for less) is the key to success.
- 48% of CEOs believe the global economy will decline further in the next 12 months: indeed, only about 1 in 7 (15%) CEOs believe the global economy will improve in the next year.
- 54% of CEOs are concerned about the availability of key skills as a threat to growth.