Gartner Survey Anticipates an Economic Boom over the Next Two Years

Over 60 percent of the CEOs anticipate an economic boom rather than stagnation in 2021 and 2022, according to a recent survey of CEOs and senior executives by Gartner. Almost 35 percent respondents anticipate returning to or exceeding 2019 revenue levels as early as this year.

“CEOs’ top priorities for 2021 show confidence,” said Mark Raskino, Distinguished Research Vice President, Gartner. “Over half report growth as their primary focus area and see opportunity on the other side of the crisis, followed by technology change and corporate action.”

“This year, all leaders will be working hard to decode what the post-pandemic world looks like and redeveloping mid- to long-range business strategy accordingly. In most cases, that will uncover a round of new structural changes to capability, location, products and business models,” he added.

The annual Gartner CEO Survey was conducted between July 2020 to December 2020 among 465 actively employed CEOs and other senior business executives in North America, EMEA and APAC across different industries, revenue and company sizes.

According to the survey, technology-related change was the second-highest priority for CEOs. Digital Capabilities was the only category in which CEOs intended to increase investment in 2021. When it comes to specific technologies, CEOs see artificial intelligence (AI) as the most industry-impactful technology.

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