Business leaders around the world optimistic about 2022
01:06
More than 80 percent of CEOs in 44 industries believe economic growth will remain strong in 2022, although this forecast is subject to a high degree of uncertainty, according to a new study by the YPO.
Among those polled, 37 percent saw their revenues increase by 20 percent or more since the beginning of 2021, with only 17 percent seeing a decline of 10 percent or more since the start of the year.
There has been an increase in employment with 38 percent of respondents seeing an increase in the number of employees by 10 percent or more since the beginning of 2021, although 45 percent of companies reported that their total number of employees is about the same as at the beginning of 2021 and 16 percent said that there has been a decline. At the same time, the global labor shortage continues, with 67 percent of respondents saying overall employment is moderate to very difficult to find, while 57 percent of respondents report the same level of difficulty when it comes to hiring directors and managers.
Most CEOs (71 percent) are very or moderately concerned about the impact of inflation on their companies next year. American leaders (77 percent) are more concerned about inflation than their world counterparts.
