ARE THESE PEOPLE IN TOUCH WITH REALITY?
Not surprisingly, this year's event has 17 sessions in which the impact of climate change and its subsequent impact on profitability will be discussed. Add to this a few sessions on the conflict between Israel and Palestine and the future of Iraq.
Having said that, PricewaterhouseCooper’s (PWC) annual global CEO survey released here on Wednesday shows CEO confidence at record levels. Almost twice as many chief executives feel confident about revenue growth over the next 12 months compared to five years ago.
Nearly 90% of the 1,100 CEOs surveyed are upbeat about revenue growth in the next 12 months. The optimism stems from stable interest rates globally, oil prices coming down, countries and companies learning to live with high prices that were seen last year, low unemployment levels and booming corporate profitability, the highest in the last seven years.
Interestingly, another recent survey published by the Economist Intelligence Unit (EIU) indicates that Indian CEOs are more bullish about the future than their Chinese counterparts. "India-based executives are practically melting with excitement," it says.
