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53% of CEOs expect global economy to cool: PwC survey

Only 27 per cent say they are "very confident" in their company's growth over the next 12 months

Published Tue, Jan 21, 2020 · 09:50 PM

Davos

MORE than half of chief executives in an annual survey by PwC expect a slowdown in global economic growth this year, in marked contrast to the confidence that has lifted stock markets.

The survey, released this week ahead of the start of the World Economic Forum's meeting in Davos, found that 53 per cent of CEOs around the world forecast the rate of global growth will fall.

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