Recession Alert : 73 pc CEOs globally expect eco growth to decline, claims PwC survey

73 pc CEOs globally expect eco growth to decline; most pessimistic outlook in over a decade: PwC survey


Davos:  In the most pessimistic outlook in more than a decade, a global survey of CEOs showed 73 per cent of them expecting the global economic growth to decline over the next 12 months.

Releasing the annual survey on the first day of the World Economic Forum Annual Meeting here on Monday, PwC said this is a significant departure from the optimistic outlook of 2021 and 2022 when more than two-thirds thought economic growth would improve.

This is the most pessimistic CEOs have been regarding global economic growth since PwC began asking this question 12 years ago.

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