A survey of over 300 global public company CEOs has found that the “Trump Effect” is expected to drive increased hiring and greater investment. The poll, conducted by Teneo, a global advisory firm, reveals that 43% of CEOs plan to boost domestic investment spending, while 34% aim to hire more employees.
International investments are also on the rise, with 36% of executives planning to increase or speed up their international investments. However, some 20% of CEOs say they’re pausing or slowing down hiring, and 18% are halting or slowing down international investments.
The survey suggests that Trump’s tax cuts and regulatory easing plans have generated optimism among executives. Over 64% believe these developments will positively impact their business. Mid-cap companies, with a market capitalization between $2 billion and $10 billion, express more enthusiasm about labor costs and tariffs than large-cap companies.
While the survey highlights opportunities for some businesses to benefit from reduced competition, it also notes that policies may create challenges for many companies. The poll has garnered views of 300 global public company CEOs and 380 international investors.
Source: https://thehill.com/business/5046291-global-ceos-trump-effect-survey