Download - Economic Prospects for Eurasia – the Perspective of CEOs David Gray Chairman PwC Russia May, 2015
Economic Prospects forEurasia – the Perspective of CEOs
David GrayChairman PwC Russia May, 2015
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My perspective… and CEOs perspective
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Megatrends – the forces reshaping the world economy
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18th Annual CEO Survey
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1,322 CEOs 77 countries
101 Russia
44 Kazakhstan
101
44
1322
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CEOs like to do business
- What they think matters- They follow, but also lead
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Percentage of CEOs who are very confident in revenue growth over the next 12 months
9
2008 2009 2010 2011 2012 2013 2014 2015
50%
21%
31%
48%40%
36% 39% 39%
80%
30%
53%60%
48%66%
53%
16%
0.730.64
0.14
Golobally CEOs from Russia CEOs from KZ
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There are more growth opportunities than there were three years ago (%)
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Do you expect headcount at your company to increase, decrease or stay the same over next 12 months.
*7% CEOs refused to answer in 2015
‘14 ‘15
63 32
17 45
20 16
36 28
34 48
28 24
50 50
29 28
20 21
Kazakhstan*
Russia
Global
Increase Stay the same Decrease
%
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Inadequate basic infrastructure
Access to affordable capital
Protectionist tendencies among national government
Over-regulation
Social Instability
Increasing tax burden
Geopolitical uncertainty
77
61
50
73
66
58
94
53
57
57
64
69
72
86
53
40
58
78
60
70
72
CEOs Globally CEOs from Russia CEOs from KZ
In Russia and KZ
In Global
Q: How concerned are you about the following potential threats to your organisaton’s growth prospects?
#1
#1
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What should be government priorities?
10
77
50
49
53
16
48
57
60
77
T h e p ro vision o f ad equ ate d igita l in frastru ctu re
E n surin g
in tern ation ally com petitive an d eff icien t
tax sy stem
E n su rin g accessto aff ordab le cap ita l
F orm ation o f sk illed an d adap tab le w ork fo rce
T h e p ro vision o f ad equ ate p h ysical in frastru ctu re
%
Kazakhstan Russia
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Which three countries, excluding the one in which you are based, do you consider most important for your overall growth prospects over the next 12 months?
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The most interesting five countries for Russia and Kazakh CEOs in terms of their organisations’ overall growth over next 12 months (%).
RUSSIA
KAZAKHSTAN
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“It was the best of times,
it was the worst of times…
it was the spring of hope,
it was the winter of despair…” Charles Dickens “A Tale of Two Cities”
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EU … a huge success- Trade
- Economic integration- Peace dividend… But learn from what
worked… and what is less
successful
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Lessons from the EU
• Don’t make it political
• Don’t make it monetary
• Do make it a tool for higher standards
• Do … get on with it
• Don’t make it exclusive
Thank you!
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