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28 November 2024 / Report
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Copy LinkThe Conference Board Measure of CEO Confidence™ for Europe by the European Round Table for Industry (ERT) is back in negative territory in H2 2024. Six months ago, the measure had just climbed back to a relatively healthy 58. Now, however, at 47, the measure signals disappointment among executives in current economic conditions and a lack of optimism for the future. Confidence about the general business outlook in Europe dropped below the levels in other world regions.
However, an overwhelming majority of CEOs agreed that fully implementing Draghi’s proposals would improve business conditions in their industries and motivate them to invest again in Europe rather than in other regions. The ‘Draghi effect’ would be triggered by achievements such as regulatory simplification, progress in EU Single Market integration, and a successful implementation of Draghi’s vision for a decarbonized economy. Finally, in the wake of EU tariffs on Chinese Electric Vehicles, CEOs see greater merit in other strategies vis-à-vis China’s industrial overcapacity.
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