Trust between companies in they growth Prospects fell by the most since 2007-08 global financial crisis because rising A survey by PricewaterhouseCoopers (PwC) showed inflation, macroeconomic fluctuations and geopolitical struggles.
by 73% of CEOs about world expected global economic growth to decline over the next 12 months, that’s grim view He is the most pessimistic chief executive since PricewaterhouseCoopers began the survey more More than a decade ago on Monday.
Auditor of the “Big Four” also He said it marked a significant departure from optimistic expectations in 2021 and 2022.
scan also found 60% of CEOs do not plan to reduce the size of their workforce in the next 12 months, while 80% do not plan to reduce Staff wages in In order to retain talent and reduce workforce attrition rates.
companies that have done well in 2022 is likely to see A more the challenge year In the future, PwC global head Bob Moritz told the Reuters Global Markets Forum (GMF) on Sidelines of Annual meeting of the World Economic Forum in Davos.
nearly 40% of over 4,400 CEOs surveyed said their companies would not be economically viable over the next Hold unless they innovate and transform faster pace.
“What is surprising is the time frame and the amount – how Can i survive from next from two to three years, way Through challenging macroeconomics environment while I convert organization to be fit for growth over the next 10 years, Moretz said.
scan also found those companies cutting costs, many do not even plan for it reduce number of employees or compensation in the fight to retain talent.
“I’m starting to see some differentiation… in terms of Those (companies) that have a debt paid balance sheet that will struggle while dealing with rising interest rates and inflationary pressures, versus those that did a good Department of Labor down debt And has the ability to transform Moritz said.
Separately, thirds of private And public The industry’s leading economists surveyed by the World Economic Forum (WEF) expect a global Recession in 2023.
else highlights From the PricewaterhouseCoopers survey they include:
Half of the CEOs reported a decrease operating 51% said they were raising prices, and 48% were diversifying product and service offerings.
-climate risk did not feature prominently as short term risk over the next 12 months for others global Risks.
