challenge faced, followed by exchange rate volatility and supply chain disruption, a report has revealed.
The latest Global CEO Survey carried out by the global research and advisory company, Oxford Business Group , with the title: ‘Future Focused: What CEOs see on the Horizon for Emerging Markets in 2023,’ gauges the views of more than 200 executives from Africa, Asia, the Gulf, Latin America and the Caribbean on their near-term expectations for business.
Findings of the survey showed that high-level executives in emerging markets worldwide are adopting a cautious, back-to-basics approach towards growth and expansion in 2023, while making the bottom line their priority, amid geopolitical uncertainty and tight financial conditions. Business leaders were also asked about their forecasts for revenue from in-country operations and the factors they thought risked negatively affecting corporate performance.
In answer to these questions, 40 per cent of respondents told OBG they anticipated revenue growth in the coming months, while a further 30 per cent expected business to remain steady.Inflation gave respondents the greatest cause for concern, followed by the availability and cost of credit.