- More than half of CEOs believe the rate of global economic growth will decline, according to PwC’s Annual Global CEO Survey.
- Uncertainty is fueling this record level of pessimism.
- Climate change could provide a positive opportunity for companies.
Across the globe, business bosses are showing record levels of pessimism about economic growth, a new report has found.
And there’s one thing behind this lack of confidence – uncertainty. PwC’s Annual Global CEO Survey represents the views of almost 1,600 chief executives in more than 80 territories, and it found the number that are “very confident” their revenue will grow in 2020 to be at its lowest level since 2009.
The results make interesting reading as CEOs’ revenue confidence, PwC says, can be a reliable indicator of trends in global GDP growth.
Here are four key things that are on top bosses’ minds for 2020.
1. A rocky road for growth
CEO’s views on economic growth have changed in the past two years.
Two years ago, the same PwC survey found record levels of optimism.