State of the world economy is the main concern of entrepreneurs – The Economic Journal

Portuguese entrepreneurs are increasingly concerned about the state of the national and world economy, which is the external factor that they consider will most negatively influence the company's competitiveness.

According to Kaizen Barometer results released Monday, more than half of respondents (58%) believe the Portuguese economy will stagnate next year. According to the study, half estimates that their company has accumulated growth of between 5 and 15% over the next three years. Pessimism increases when it comes to the world economy with 76% considering that this is the external factor that can most negatively influence the competitiveness of your company, followed by political instability in the countries of Europe (40%) and trade war between states States of America (USA) and China (27%).

For 73% of CEOs and business leaders who took part in the analysis, the EU market will remain the one with the largest export opportunities over the next three years, followed by the US (27%).

Regarding the state of Portuguese policy, around 55% of entrepreneurs consider that the main strategic objective for the next legislature should be the creation of broad agreements, namely at the labor and tax level, to guarantee predictability and stability to companies. 40% of managers consider that the next government should focus on reducing the country's high levels of indebtedness and 38% choose reducing the corporate tax burden as a priority.

A third concern for these entrepreneurs is the state of climate change and how it has impacted the strategy of most organizations. According to the meter, 50% of respondents said these concerns gave rise to concrete measures, such as changing procedures to reduce consumption (62%) and reducing the environmental footprint of their products and services (59%). 34% of companies that have already implemented such measures have invested in their buildings to make them more sustainable and 25% have invested in including hybrid and electric vehicles in their car fleet.

According to the study, most companies (51%) have already taken measures related to gender equality and want to keep the theme present in their strategy. 15% have not yet taken action, but intend to do so in the coming years.

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