CATEGORY: OBG Business Barometer
Of all the comparatively wealthy countries in the region, on a per-capita basis, Kuwait is one of the richest. Its oil wealth per capita is much higher than Saudi Arabia’s, for example, and the government has been prudent in saving over the years, building up its sovereign wealth funds to ensure that future generations benefit from the oil bounty.
Our latest OBG Business Barometer: Peru CEO Survey shows solid foundations in a country that needs leadership to invest in innovation. At some point we’ve all heard that Rome was not built in a day. On the contrary, the Roman Empire, like other successful civilisations throughout history, was built slowly, with dedication and rigour. After having read what dozens of top business people think in the Andean country, as I processed the results of the OBG Business Barometer: Peru CEO Survey, I was struck by this lasting comparison:
The results of the second OBG Business Barometer: Peru CEO Survey, which interviewed dozens of the Andean nation’s top executives, show not just a positive outlook for the coming year, but a more robust picture than the one painted in our inaugural survey. Six months ago 61% of companies were likely to make a significant capital investment in the next 12 months; that figure has now increased to 69.8%. More striking still, confidence in a GDP growth rate above 3% has nearly doubled, from 40% to 79%.