Expectations and Perspectives of Managers in American Companies in Portugal 2024

Partner, presented the main results of the 3rd edition of the executive survey to managers of American companies in Portugal. The survey aims to identify the primary expectations and perspectives of managers for 2024.

  • The overall sentiment among managers of American companies is optimistic.

Explore further in the Key Findings – featuring highlighted considerations; survey results – an analysis of the responses, and the presentation of findings – with an excellent addition to the Executive Survey: a comparison to other studies, including the PwC 27th CEO Survey.

Expectations and Perspectives of Managers in American Companies in Portugal 2023

On March 3, 2023, the key findings of the 2nd edition of the executive survey of managers from American companies in Portugal were presented. This survey aims to identify the main expectations and perspectives of managers for 2023. The study is conducted by AmCham Portugal in partnership with PwC, serving as the Knowledge Partner. It involves conducting a survey among leaders of American companies in Portugal to gauge their expectations and perspectives for the current year, gathering responses from various sectors and companies of all sizes.

  • Despite the challenging political landscape, 75% of surveyed managers from American companies believe in the growth of their companies in 2023. Talent attraction and retention, economic instability with uncertain recovery, and the rise in inflation and interest rates are considered the most challenging factors for businesses.
  • For Portugal, the top 5 challenges identified were economic instability and uncertain recovery (93%), instability in fiscal policies and increased obligations (89%), climate and environmental changes (86%), rising inflation and interest rates (86%), and digitization and cyber threats (75%).
  • The major geopolitical risks identified were global value chains and political stability, with concerns also raised about the conflict between Russia and Ukraine.
  • There remains a significant focus on people-related issues, with 75% of managers already taking measures such as increasing benefits (61%) or base salaries (57%). Nevertheless, 61% anticipate an increase in the number of employees in Portugal, and 11% expect a reinforcement of over 20%.

Expectations and Prospects of Managers of American Companies for 2022 – Barometer of American Companies in Portugal

AmCham Portugal, in partnership with PwC, as a Knowledge Partner, prepared, within the scope of the Barometer of American Companies in Portugal, a survey among those responsible for American companies, to gauge their expectations and perspectives for 2022, which answered 32 responses from the various sectors of activity.

Two years after the start of the pandemic and the global economy began to move towards recovery, an increase in world GDP of 4.9% is anticipated.

However, the new situation, of conflict between Russia and Ukraine, requires a reassessment, ideas too, a fact that must be considered when we look at the results obtained in this barometer, carried out at the end of 2021.

Despite this, relations between the US, China and Russia, which were ranked 3rd in the ranking of geostrategic issues with the greatest impact on business, considering current events may have another expression. The same would apply with migratory movements.

Notwithstanding, the survey data carried out, 59% of the surveys consider that the economic activity in their companies is already similar to those recorded before the pandemic – 28% when looking at the sector in which they are inserted. As for Portugal, the prospects are in the medium and long term, with 47% indicating that accreditation will only be recovered in 2023, and 25% this data.

Read the study here.

See here the presentation of the results of the executive search

Barometer of American Companies in Portugal – 2020

The “Barometer of American Companies in Portugal”, which is a second edition, is a study that results from a partnership between AmCham and PwC and which seeks to reflect on the relevance of American companies in the Portuguese economy and on their financial evolution in the last three years.

Read the Barometer – English edition here

Read the Barometer – Portuguese edition here

This Barometer is addressed to the business, political, legislative and academic world and, in general, to all people interested in FDI issues and transatlantic economic and business relations.

The study that we now present analyzes American investment in Portugal and seeks to characterize, through an analysis of various economic/financial indicators, the American companies that operate in Portugal and the weight they represent in the Portuguese economy.

The realization and publication of an objective analysis of the current situation of American companies in Portugal is an initiative to which we attach great importance and which we believe can be considered when deciding on policies to attract and retain foreign direct investment.