07:54 GMT21 February 2020
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    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.

    Davos Economic Forum, PricewaterhouseCoopers (PWC)
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