CEO optimism pwc [shutterstock: 1918679630, Fida Olga]
[shutterstock: 1918679630, Fida Olga]
Management Press Release

CEO Optimism Hits 10-Year High

Despite the array of shifting headwinds, the CEOs surveyed are the most optimistic they have been in 10 years about the prospects for a stronger economy in the coming year.

CEO optimism for 2022 is a tick higher than the 76 percent optimism level from a year ago and fully 54 points higher than 2020, when more than half (53 percent) of CEOs predicted a declining economy. These are findings from PwC’s 25th Annual Global CEO Survey, which polled 4,446 CEOs in 89 countries and territories between October and November 2021.

While there is general optimism among CEOs for economic growth in 2022, the perspective varies widely across individual countries and territories. Among the largest territories, optimism is highest in India, where 94 percent of CEOs anticipate global growth in the coming year, up from 88 percent last year. Optimism is also trending up solidly among CEOs in Japan (plus 16 points to 83 percent, from 67 percent last year), and is modestly higher in the UK (up five points to 82 percent). Italy and France saw large increases in CEO optimism, perhaps as a result of stronger than expected economic recoveries. CEO optimism in Italy reached 89 percent, up 18 points from a year ago, while France experienced the greatest increase in CEO optimism, soaring 25 points to 85 percent.

At the other end of the spectrum, CEO optimism about the global economy declined most notably in the U.S., down 18 points to 70 percent, and was also slightly down in Brazil (dropping seven points to 77 percent), China (down nine points to 62 percent) and Germany (down four points to 76 percent), perhaps as inflation and supply chain constraints became more of an issue.

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