Three-quarters of CEOs surveyed by accounting and consulting firm PwC expect global economic growth to slow over the next 12 months.
Three-quarters of CEOs
by accounting and consulting firm PwC expect global economic growth to slow over the next 12 months. That compares to last year, when 77% of CEOs expected positive global growth., which sparked Europe's biggest land war since World War II, resulting in rising energy and commodity prices, and increased labor costs and inflation.
CEOs' confidence in their own companies' growth prospects is also as low as it's been since 2009, according to PwC, which surveyed more than 4,400 CEOs globally. Business leaders are expecting a dramatic reshaping of the business environment over the next 10 years that will require significant changes to their operations.
Almost 40% of CEOs surveyed by PwC do not believe their businesses will be viable in a decade on their current path, because of changing consumer preferences, labor challenges and other factors. In the short term, CEOs are most concerned about inflation, economic volatility and geopolitical risk, according to the survey.
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