The 3 Things CEOs Are Most Concerned About
January 22, 2020 by Ginger Szala
As executives gather in Davos, the mood may not be a cheery as it has been in the past decade. While over-regulation still remains a top concern for the C-suite, according to PwC’s 23rd annual survey of CEOs, trade conflicts, uncertain economic growth and cybersecurity have risen to the top of the list as well.
Fifty-three percent of global CEOs, the most in a decade, stated they believed global growth would decline over the next 12 months, according to the report, Navigating the Rising Tide of Uncertainty. Only 22% said it would improve. In the United States, the viewpoint is even gloomier, with 62% seeing a decline while only 9% predicting an improvement.
Despite this predicted downturn, many U.S. CEOs see revenue growth for their own firms not declining as fast, and are more likely to be “very confident” in near-term revenue growth than peers globally (36% vs. 27%). However, this viewpoint has dropped dramatically since 2018, when 52% were “very confident” of revenue growth, versus 42% globally. As the survey noted, the confidence level hasn’t been this low since 2009.
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