The majority of Philippine CEOs remain confident about their revenue growth in the next 12 months, despite facing threats from elevated inflation and economic uncertainty, according to a recent survey by PwC Philippines in collaboration with the Management Association of the Philippines (MAP). The study revealed that 79% of 157 CEOs expect revenue growth in the upcoming year, although this is slightly down from the previous year’s 87% optimism rate. Concerning the broader industry landscape, 83% expressed confidence in their industry’s prospects. Trissy M. Rogacion, of PwC, noted the unexpected inflation peak in the previous year and its impact. Meanwhile, 83% of CEOs stated they have recovered from the COVID-19 pandemic’s impact, attributing the resilience to the full reopening of the economy and lifted travel restrictions. However, challenges such as inflation, macroeconomic instability, and cyber risks persist.
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