Figure of the day: Economic challenges - CxO survey - Austria
2020 was a challenging year for businesses in Austria. According to PAC's CxO Investment Survey, 57% of respondents in Autsria rate cost reduction and efficiency pressure as a major economic challenges for your organization. The ongoing Covid-19 pandemic had a profound impact, leading to projects being postponed, deals lost, and overall revenue declines, as was confirmed by 47% of respondents. The economy in Austria has slowed down due to the current economic situation in the country, mainly caused by the pandemic (as indicated by 48%), but also by the international economic uncertainties surrounding Brexit (as the UK is a strong trading partner), as mentioned by 36%.
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