Three in four Singaporean CEOs optimistic about 2021: PwC

The 34% of those surveyed are anticipating positive revenue for the year.

Three in four CEOs in Singapore are optimistic about economic growth in 2021, according to PwC’s 24th Annual Global CEO Survey.

This has been a leap from 6% in 2020.

“After going through the past year of crisis and significant stress on our economy and society, it is encouraging to see that CEOs in Singapore are becoming more confident about growth prospects. Over the past challenging year, CEOs have had to rethink and reconfigure their strategies and transformation plans, with many accelerating digitisation of their businesses,” said PwC executive chairman Yeoh Oon Jin.

Globally, CEOs' confidence in growth is up by 76% from 22% in 2020 and 42% in 2019, representing the highest level of optimism since 2012.

Meanwhile, 34% of business leaders in Singapore believe revenues will recover in 2021, an increase from 25% in 2020.

The survey also revealed different confidence levels from various industries globally. CEOs in the technology and telecommunications sectors show the highest levels of confidence at 45% and 43%, respectively.

Meanwhile, CEOs in the transportation and logistics (29%) and hospitality and leisure (27%) sectors are among the least confident about their ability to grow revenues over the next 12 month.

PwC’s 24th Annual Global CEO Survey polled 5,050 CEOs in 100 countries and territories in January and February 2021.