Navigating the Rising Tide of Uncertainty
Bob Moritz, Chairman of the PwC Network, shares a preview of PwC’s 23rd Annual Global CEO Survey with a focus on rising chief executive pessimism and uncertainty heading into 2020.
Key highlights:
- More than half (53%) of CEOs believe the rate of global economic growth will decline;
- The share of CEOs very confident in their 12-month growth prospects fell to 27%, the lowest level since 2009;
- Uncertainty around regulation, trade, and economic growth contribute to the decline in CEO confidence;
- CEOs are divided over whether government legislation will splinter the internet;
- 18% of organizations globally cite significant progress in establishing an upskilling program.