Post-Brexit Britain eclipsed India to take the fourth spot in terms of most favored investment destinations, according to PricewaterhouseCoopers.
- PWC chairman Bob Moritz said the United States retained the top spot. It is followed by China, Germany, Britain, and India.
- Moritz attributed Britain’s climb to its separation as a country and location after its formal exit from the European Union in January 2020. U.S. and German companies are favorable toward investing in the U.K.
- China continues to lag behind the United States due to concerns over unfair practices and the trade war between the two economies.
- Some 76% of respondents expect global economic growth to improve this year, but inflation may be a medium-term risk.
- Chief executives also said the pandemic accelerated the shift towards sustainability and digitalization. It also highlighted the duty to provide for the mental and physical wellbeing of employees.
- The survey was conducted in January and February. It took into consideration responses of 5,000 chief executives across the globe.