CEO’s are concerned about the economic slowdown
Consulting firm PwC published a survey regarding global growth estimations of 2019, symbolizing the start of Davos.
The survey shows that the number of CEO’s expecting a slowdown in 2019 in global growth has increased drastically.
CEO’s in North America approach more negatively to global growth in 2019, increasing to 63% from 37%.
PwC thinks Trump’s tax deductions and the ongoing tension in trade relations might be the cause.
As a result, CEO’s are feeling more and more insecure in launching short-term projects.
Among the CEO’s that took the survey. 35% said they think optimistically about their company’s growth within the next 12 months, decreasing from 42% in 2018.
The survey revealed that while still the top international market, CEO’s have started to turn towards different markets.
The trade war between China and U.S have caused only 17% of the CEO’s to choose The U.S, decreasing from 59% in 2018.
More than half of the CEO’s in the UK, on the other hand, are expecting a rise in their headcount despite Brexit uncertainty.
82% of the executives in the UK are expecting to expand their business within the next 12 months.
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