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Business

Genesys CEO Tony Bates with Facebook CEO Mark Zuckerberg. Bates sees the need for resilience (Photo by Justin Sullivan/Getty Images)

By Hannah Bryan Leaders Staff

Hannah Bryan

Hannah Bryan

News Writer

Hannah Bryan is a news writer for Leaders Media. Most recently she was a reporter for the Sanilac County News...

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Mar 29, 2023

The CEO View Of the Economic Future

Despite uncertain global conditions, new surveys find that CEOs are resilient and optimistic in the face of current difficulties and challenges.

Key Details

  • Growing inflation, struggling supply chains, financial uncertainty, and global unrest cannot get CEOs down—at least according to a recent Deloitte and Fortune survey. 
  • Despite these difficulties, 45% of CEOs expect their company’s growth to remain strong in the coming year. 
  • Even so, 61% say inflation will likely change their business strategy this year. More than half think global unrest could play a role in their plans, and around 48% think labor and skills shortages will be a disruptor. 
  • CEOs expect the next year will have its challenges, but overall, many are resilient in uncertain conditions. 

Why it’s news

Having a strong company leader at the helm during a time of difficulty in a company is one key to success. If CEOs can retain a positive outlook, they are more likely to successfully lead their company through a difficult time. 

Around 37% of CEOs surveyed say they are pessimistic about the global economic outlook over the next year. Only 12% say they have an optimistic view. The rest felt neutral, Fortune reports. 

When considering their own company, however, only 5% felt pessimistic about the future of their endeavors. Around 63% felt optimistic, and 18% felt very optimistic. Company leaders were also generally optimistic about the future of their respective industries, with 44% saying they feel positive about the future. 

Notable quotes

In a Fortune CEO Initiative, CEOs shared further insight into their outlook on the economy and their plans for their companies:

“We’re not shutting stuff down. We’re not pausing stuff. It’s not like it was, you know, a decade ago where we had a real problem, and everybody stopped work,” says West Monroe CEO Kevin McCarty.

“This is not 2007-2008.  It’s different … We are not seeing panic at all,” says Thrivent CEO Terry Rasmussen.

Genesys CEO Tony Bates says, “It does kind of reinforce, I don’t want to say optimism, but that … everything is accelerating the need to be transforming your business, and to use innovation and technology to do it.” 

“I think there are reasons for resiliency and for optimism. I do think, though, that we have another shoe to drop, at least in the U.S., on commercial real estate,” Insight Enterprises CEO Joyce Mullen said.

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