On the back of improved optimism about global economic growth, 55% of Singapore CEOs are more optimistic about their companies’ revenue growth, lower than the 60% of global survey respondents, while just 48% of Singapore surveyees feel more positive about their business’s profitability compared to 65% of global surveyees.
According to a survey by consulting firm Ernst & Young (EY), chief executive officers (CEOs) have grown more confident of their immediate prospects and the actions needed to create capital for investment in future growth, but short-term returns remain a key focus.
The latest EY CEO Outlook Pulse quarterly survey drew its data from 1,200 global executives, including 40 in Singapore, and 300 institutional investors globally.
