February 24, 2020, 11:52

Business Pessimistic About Global Economic Growth, 53% Predict Decline – PwC

Business Pessimistic About Global Economic Growth, 53% Predict Decline – PwC

DAVOS (Sputnik) – CEOs around the world express record pessimism about global economic growth, with 53 percent of respondents predicting a downturn, according to a survey by PricewaterhouseCoopers (PwC) consulting company, published ahead of the Davos economic forum.

The business executives have cited over-regulation, trade conflicts, and uncertain economic growth as main threats to their organizations’ prospects.

The 50th World Economic Forum in Davos will be held from 21-24 January. More than 50 world leaders, including US President Donald Trump, German Chancellor Angela Merkel, Austrian Chancellor Sebastian Kurz, and Ukrainian President Volodymyr Zelenskyy, plan to attend.

Source: sputniknews.com

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