CATEGORY: OBG CEO Surveys
In the realm of second investment chances, Vietnam is emerging as a global champion of bouncing back from a severe downturn. Only five years ago the country was considered too risky to contemplate, having suffered a major economic decline and financial correction that affected many corporate and country ratings.
However, after a major reform push, clean-up of the banking sector and signing of a major trade deal with Europe, the country once again is commanding the attention of regional and global players.
Egypt has had a tough few years, but the results of OBG’s inaugural Business Barometer: Egypt CEO Survey suggest the worst is finally over.
Whilst many economies in the region have seen significant volatility, with major spikes in GDP growth or inflation over the last 10 years, Oman has built a well-deserved reputation for more modest cycles. Broadly, this has stood the Sultanate in good stead: the peaks might not have been as high as some of its neighbours,
but neither have been the lows. It is against this undeniably strained backdrop that Oman’s business leaders are looking for growth, and are, in fact, quite confident about prospects for it over the next 12 months.