Chief executives are less confident about their companies’ sales growth than at any time in the past decade with some 53 per cent of business leaders globally believing economic growth will decline this year, according to PwC. Two years ago, only 5 per cent of chief executives polled by PwC expected a slowing of economic growth over the subsequent 12 months. “Pessimism in global growth is in the ascendancy among top executives,” said Feargal O’Rourke, managing partner with PwC Ireland. Trump and ThunbergWhile economic growth was outside the top 10 concerns of chief executives surveyed by PwC when assessing their companies’ prospects before Davos last year, it has now jumped into third place. While chief executives surveyed by PwC showed signs of being increasingly concerned about global warming and environmental damage, this remains outside what they consider to be the top-10 threats to their own companies’ growth outlook for 2020.

Source: The Irish Times January 20, 2020 17:26 UTC