Sumary of CEOs expect PH economic recovery in 3 years – survey:
- A large majority of 73 percent of the CEOs still expect revenue losses this year.
- In 2020, 40 percent of CEOs’ organizations incurred actual losses of more than 20 percent.
- Notably, 31 percent of CEOs said they are deferring or cancelling planned general capital investments while another 31 percent said they will restructure employee benefits as part of their action plans over the next 12 months.
- As part of their recovery efforts, 70 percent of CEOs said they do not have plans for raising capital in the next three six months.