Post by account_disabled on Dec 28, 2023 5:29:38 GMT -5
in every region around the world CEOs predict slower economic growth - Companies have lowest confidence in revenue growth since 2009 - Economic uncertainty Overly strict regulations and trade conflicts are three major obstacles As the world enters a new decade Globally, CEOs expressed their most pessimistic view of the global economy on record, with 53% expecting global economic growth to decline in 2020, up from 29% in 2019 and 5% this year. 2018, which is the highest level since the question was first asked in 2012.
The number of CEOs who expect C Level Executive List global economic growth to increase dropped from 42% in 2019 to 22% in 2020. Here are key findings from the 23rd Annual CEO Survey. PwC surveyed nearly 1,600 CEOs from 83 countries around the world. The data was released today at the World Economic Forum annual meeting in Davos. Switzerland CEOs are especially pessimistic about global economic growth in North America, Western Europe, and the Middle East, with 63%, 59%, and 57% of CEOs from those regions, respectively. The global economy is expected to grow more slowly this year. "Given the uncertainty resulting from trade tensions Geopolitical issues and the lack of consensus on dealing with climate change.
It is therefore not surprising that economic confidence has weakened,” said Bob Moritz, Chairman of PwC Network. “These challenges are not new. But the scale of the problem and its rapid spread are new, so the key points for leaders gathered at Davos were: How do we work together to address these challenges?” “However, even business leaders' views are at an all-time pessimistic level. But there are still many opportunities ahead. Using agile strategies Focus on responding to the changing expectations of shareholders. and the experience that many companies have accumulated over decades amid challenging economic conditions. It will help business leaders weather the economic downturn and continue to thrive.
The number of CEOs who expect C Level Executive List global economic growth to increase dropped from 42% in 2019 to 22% in 2020. Here are key findings from the 23rd Annual CEO Survey. PwC surveyed nearly 1,600 CEOs from 83 countries around the world. The data was released today at the World Economic Forum annual meeting in Davos. Switzerland CEOs are especially pessimistic about global economic growth in North America, Western Europe, and the Middle East, with 63%, 59%, and 57% of CEOs from those regions, respectively. The global economy is expected to grow more slowly this year. "Given the uncertainty resulting from trade tensions Geopolitical issues and the lack of consensus on dealing with climate change.
It is therefore not surprising that economic confidence has weakened,” said Bob Moritz, Chairman of PwC Network. “These challenges are not new. But the scale of the problem and its rapid spread are new, so the key points for leaders gathered at Davos were: How do we work together to address these challenges?” “However, even business leaders' views are at an all-time pessimistic level. But there are still many opportunities ahead. Using agile strategies Focus on responding to the changing expectations of shareholders. and the experience that many companies have accumulated over decades amid challenging economic conditions. It will help business leaders weather the economic downturn and continue to thrive.