A early 2019For example, those who considered the business climate to be “good” were less than 10%, and there was 35% who thought it was “bad”. Today the percentage of optimists grew to 88%.
300 executives from national and multinational companies operating in Uruguay participated in the sample of the report. The previous editions were in October of last year and April 2022.
The expectations of entrepreneurs for 2023
In the EES of the consulting firm based in Montevideo, on the other hand, a very strong moderation was registered in the responses referring to the future. Those who think that the economic situation going to get better next year were a 35% of the total number of respondents, when in April they had been 66%. Meanwhile, regarding the data of the previous report, fewer and fewer owners of firms based in the country expect an improvement in the economy.
Along the same lines, those who estimate that the investment climate it will be better next year they fell from 56% in April to 24% in October. Meanwhile, the most pessimistic reach 15% in the case of the economy and less than 10% in the case of investments. This shows that, as in the rest of the variables, most of the responses were neutral.
How companies fared compared to what they projected
Currently, 54% of executives believe that the situation of their firm is better than a year ago. Regarding post-pandemic recovery, 8 out of 10 assured that they reached or exceeded the levels prior to the arrival of the coronavirus.
When asked how their company’s sales so far in 2022 compare to what they had budgeted for, the result was surprising. For the middle, they are almost in line with the projections; but for almost 38%, billing is being better than expected. Only 16% marked that it is lower than what they estimated.
Regarding expectations for next year, 51% expect to produce more and 50% expect to invest more, but only 39% expect more profitability. Among the main challenges that lie ahead, the respondents mainly answered the increasing competition, the management of human resources and the incorporation of technology.
Source: Ambito
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