Although PwC's 11th Annual Global CEO Survey found that CEOs in Italy are less concerned about such issues as a downturn in major economies, the availability of key skills, energy security, and technology disruption, only 19 percent of respondents are very confident about revenue growth over the next 12 months (compared to 50 percent globally).
What's more, while 25 percent of respondents in Italy see mergers and acquisitions as a potential opportunity for business growth (compared to 15 percent globally), a mere nine percent see geographic expansion as a potential opportunity (compared to 19 percent globally). However, for those CEOs who are planning a cross-border merger or acquisition in the next 12 months (22 percent), Western Europe remains a key M&A area. Africa is relatively more important to Italian respondents, and Asia is less so.
