CATEGORY: OBG CEO Surveys
Our latest OBG Business Barometer: Peru CEO Survey shows solid foundations in a country that needs leadership to invest in innovation. At some point we’ve all heard that Rome was not built in a day. On the contrary, the Roman Empire, like other successful civilisations throughout history, was built slowly, with dedication and rigour. After having read what dozens of top business people think in the Andean country, as I processed the results of the OBG Business Barometer: Peru CEO Survey, I was struck by this lasting comparison:
The results of the second OBG Business Barometer: Peru CEO Survey, which interviewed dozens of the Andean nation’s top executives, show not just a positive outlook for the coming year, but a more robust picture than the one painted in our inaugural survey. Six months ago 61% of companies were likely to make a significant capital investment in the next 12 months; that figure has now increased to 69.8%. More striking still, confidence in a GDP growth rate above 3% has nearly doubled, from 40% to 79%.
The Philippines continues to confound critics by solidifying its position as an emerging South-east Asian economy following decades of underperformance. In contrast to other “Asian tigers” like Thailand, Malaysia, South Korea, Singapore and Japan, the Philippines’ service sector has been the driving force behind high economic growth.