According to the Third Business Perception Survey conducted by the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (Cacif), 67% of respondents expect greater growth of their companies and 56% expect more employment with the arrival of the new government.

In the framework of the beginning of the administration of Alejandro Giammattei, who will assume the presidency of the country next January 14, 29% of businessmen think that the main priority in the first year of the future government will be to regain citizen confidence.

You may be interested in "Political Environment Favors Business Confidence"

Claudia Galán, executive director of Cacif, told Prensalibre.com that "... the challenges for 2020 were also detected, since in spite of the positive aspects observed, 58% of businessmen also consider corruption and 59% conflict as long term issues since they are structural problems of the country."

Galán added that "... Regarding business, six out of 10 businessmen indicated that during the last year their company was exposed to breach of contracts and delay in procedures, an aspect they consider to be the two most important challenges for business in the country."

The results of the Cacif survey coincide with the upturn in the Index of Confidence in Economic Activity, which in November 2019 reported a 28% growth over the same month in 2018, reinforcing the upward trend that has been registered since July 2019.

Source: prensalibre.com

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