Global CEOs' confidence about prospects for revenue growth has reached a record level, according to PricewaterhouseCoopers' 10th Annual Global CEO Survey released on Wednesday.
Nearly twice as many CEOs now feel very confident about revenue growth over the next 12 months compared to five years ago, the survey said.
More than 90 percent of the 1,100 CEOs surveyed across 50 countries are upbeat about revenue growth in the next 12 months. Long term, this confidence is undimmed, with 93 percent of CEOs confident of achieving revenue growth over the next three years.
As globalization continues, CEOs expect this business expansion will be fuelled by improved market penetration, geographic expansion, and mergers and acquisitions, often across borders.
"CEOs around the world, at companies large and small, are increasingly positive about their ability to grow their companies and take advantage of the opportunities globalization offers for new markets, new products and new customers," said Samuel A. DiPiazza, PricewaterhouseCoopers' Global CEO.
Geographically, CEOs expect growth will continue in the widely-recognized BRIC (Brazil, Russia, India, China) territories, as well as other emerging and developed economies.
Beyond the BRICs, the top five countries cited for significant growth opportunities are Mexico, Indonesia, Vietnam, Korea and Turkey, with CEOs generally favoring their nearest developing country as providing the largest growth opportunities.