PwC: 30% of CEOs expect decline in global economic growth
12:00
Nearly 30 percent of CEOs worldwide project a decline in global economic growth, six times up from the level of last year when it was just 5 percent, PwC reported. "CEOs' views of the global economy mirror the major economic outlooks, which are adjusting their forecasts downward in 2019," PwC Global Chairman Bob Moritz said in a statement. He named rise of trade tension among the reasons for pessimism.
If CEOs' confidence continues to be a leading indicator, global economic growth will slow down in 2019, PwC concluded.
