Amanda Watson
News Editor
3 minute read
24 Jan 2020
6:09 am

Global outlook for growth ‘pessimistic’ – report

Amanda Watson

Potential threats CEOs in SA identified were uncertain economic growth (75%), with policy uncertainty and social instability both coming in at 67%.

Image: iStock

Up to 44% of local CEOs believed global economic growth would decline over the next 12 months, the Price Waterhouse Coopers (PwC) 23rd Annual Global CEO Survey has revealed. The local views matched the trend of 53% globally and for Africa, while only 17% of CEOs believed global economic growth would improve. "CEOs expressed a record level of pessimism regarding the global economic outlook in 2020, with 53% projecting a decline in the rate of global economic growth, up sharply from 29% last year," the survey noted. "Since 2012, when we began asking about the prospects for growth in the...