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Business Pessimistic About Global Economic Growth, 53% Predict Decline - PwC

Sputnik International

DAVOS (Sputnik) - CEOs around the world express record pessimism about global economic growth, with 53 percent of respondents predicting a downturn, according... 20.01.2020, Sputnik International

2020-01-20T21:42+0000

2024-01-14T17:40+0000

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Business Pessimistic About Global Economic Growth, 53% Predict Decline - PwC

21:42 GMT 20.01.2020 (Updated: 17:40 GMT 14.01.2024)

© AP Photo / Mark LennihanFinancial Markets Wall Street Download Comp Tag as... Cancel Apply Back to search results1of50,610 results FINANCIAL MARKETS WALL STREET Overview Download now Market maker Thomas Brown follows stock prices at the New York Stock Exchange, Monday, May 13, 2019. U.S. stocks moved sharply lower Monday on Wall Street and extended the market's slide into a second week as investors seek shelter from an escalating trade war between the U.S.

Financial Markets Wall Street Download Comp Tag as... Cancel Apply Back to search results1of50,610 results FINANCIAL MARKETS WALL STREET Overview Download now Market maker Thomas Brown follows stock prices at the New York Stock Exchange, Monday, May 13, 2019. U.S. stocks moved sharply lower Monday on Wall Street and extended the market's slide into a second week as investors seek shelter from an escalating trade war between the U.S. - Sputnik International

DAVOS (Sputnik) - CEOs around the world express record pessimism about global economic growth, with 53 percent of respondents predicting a downturn, according to a survey by PricewaterhouseCoopers (PwC) consulting company, published ahead of the Davos economic forum.

"In the survey, CEOs express a record level of pessimism regarding the global economic outlook in 2020, with 53% projecting a decline in the rate of global economic growth, up sharply from 29% last year", PwC said.

The business executives have cited over-regulation, trade conflicts, and uncertain economic growth as main threats to their organizations' prospects.

"The share of CEOs very confident in their 12-month growth prospects fell to 27%, the lowest level since 2009", the PwC mentions on its website.

The 50th World Economic Forum in Davos will be held from 21-24 January. More than 50 world leaders, including US President Donald Trump, German Chancellor Angela Merkel, Austrian Chancellor Sebastian Kurz, and Ukrainian President Volodymyr Zelenskyy, plan to attend.