Without burying their heads in the sand, 76% of business leaders in the Quebec region believe 2022 was a good year for their industry. As they look to 2023, their confidence plummets.
From November 7th to 25th, no fewer than 270 managers and business leaders from the Capitale-Nationale and Chaudière-Appalaches regions took part in a web survey conducted by Léger on behalf of Québec International.
Looking ahead, respondents are more cautiously optimistic about 2023, with an index of 66.2 on a -100 to +100 scale, down 5.5 from 2022.
The Confidence Index shows a high level of concern for the global economy, which has risen to the 2nd place for business concerns (28%) for 2023, behind workforce recruitment and retention.
The war in Ukraine, the sanctions against Russia, the slowing economy in China, inflationary pressures and soaring interest rates are causes for concern.
More details to come…