CATEGORY: OBG CEO Surveys
While the 2014-17 period saw the effectiveness of the import ban called into question and was marked by a significant drop in oil receipts, recovering commodity prices in 2018 appear to be bolstering both local business sentiment and economic growth prospects. The results of the second OBG Business Barometer: Algeria CEO Survey, gathered through face-to-face interviews with 90 of the country’s top executives, show that the general outlook is optimistic, with 73% expressing positive or very positive expectations of local business conditions in the coming 12 months, up from 61% in the November 2017 edition of the survey.
As 2018 draws to a close and I look to the results of the most recent Oxford Business Group Business Barometer surveys, it makes for interesting reading against a backdrop of increased global economic and political uncertainty.
Despite dropping prices in the real estate market, a key sector helping the UAE steer away from its dependence on the oil industry, Oxford Business Group’s Business Barometer: UAE CEO Survey found that the sentiment among 110 business leaders is largely positive – over 60% of respondents anticipate that they will make a significant capital investment in the coming 12 months. In particular, tech investments are set to grow, with 80% indicating that they will increase spending on smart tech and research and development.