Bahnsen Group founder and managing partner David Bahnsen reacts to economic comments President-elect Trump made in Palm Beach, Florida, with reporters on Monday.
President Trump’s election victory led to an increase in confidence about the state of the global economy, according to a new survey that examines the sentiments of CEOs after the election.
The survey, conducted by Teneo during the three-week period after the election, includes the opinions of CEOs of public companies worldwide over 380 and 380 institutional investors representing approximately 10 billion of company value and portfolio. It was first reported by the Wall Street Journal.
It found that 77% of global CEOs expect the global economy to improve in the first half of 2025 – up from 45% last year, which is a 32% increase. That view is shared by 86% of investors.
“For the first time since Teneo conducted this survey, we are seeing a significant consensus among CEOs and investors on the direction of the global economy, and confidence has never been higher,” said Teneo CEO Paul Keary.
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The upcoming return of the President-elect to the White House has executives and investors very optimistic about 2025. (DAVID DEE DELGADO/AFP via Getty Images/Getty Images)
“Encouraged by the ‘Trump Effect,’ the market expects a resurgence of M&A, increased employment and higher levels of US and foreign investment. The US will clearly be the beneficiary of much of this positive activity, strengthening its position as the most important investment . a global business destination,” added Keary.
More than 80% of CEOs and investors expect the mergers and acquisitions market to have significant returns by 2025, up from 68% last year.
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This comes after the Biden-Harris administration has scrutinized proposed mergers and mounted successful legal challenges to mergers such as the Albertsons and Kroger deal that was blocked last week.
Half of the world’s CEOs said they are speeding up their activities in areas such as domestic and foreign investment due to the 2024 elections. The US is ranked as the most attractive investment destination among global CEOs.
US President-elect Donald Trump delivers remarks alongside SoftBank Chairman and CEO Masayoshi Son, at Mar-a-Lago in Palm Beach, Fla., on Monday, December 16. (Reuters/Brian Snyder/Reuters)
Nearly two-thirds of survey respondents, 64%, said they believe policy changes related to taxes, as well as tax and regulatory liberalization, will have a positive impact on their businesses by 2025.
There was disagreement among CEOs of large and mid-cap companies about the impact of the tax. While 80% of mid-sized CEOs said they believed higher US consumer prices would have a positive impact, only 13% of large CEOs agreed.
More than three-quarters of CEOs, 76%, say the outcome of the election will improve the global economy and global stability, while 83% of investors share that view. CEOs and investors both expressed confidence that businesses are in a position to deal with potentially disruptive global issues, such as conflicts in the Middle East and Russia’s war against Ukraine.
South Florida tycoons are making the case that DOGE chairman Elon Musk may be considering moving to the Sunshine State. (Photos by Brandon Bell / Getty Images)
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The share of CEOs who say China plays an important role in their business process has more than doubled over the past two years from 20% in 2023 to 47% in 2025. About a third of CEOs and investors, 32% and 31%. , respectively, said that China-related policy disruptions would have a significant negative impact on their businesses.
Environmental, social and governance (ESG) policies are also being reconsidered as 91% of CEOs say they are revising ESG plans because of the politics of those policies – up from 72% last year.
Of that group, 40% are more selective about the issues or topics they engage with, while 1 in 4 are pushing back on ESG initiatives. Despite those concerns, 56% of global CEOs said they are still committed to balancing ESG priorities with their business goals.
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The study also found that investors and CEOs view artificial intelligence (AI) investments differently. About 80% of investors expect AI projects to make a positive return on investment in the first year, while 41% of CEOs of large companies are willing to let AI programs mature within one to two years before they expect positive results.
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