Hi, I’m Bob Moritz, Global Chairman at PwC.
What a difference two years can make. In 2018 our Annual Global CEO Survey showed record high optimism regarding the outlook for global economic growth.
This year however, we’re seeing a much different story.
More than half of the CEOs we surveyed believe the rate of global growth will decline in 2020. And we’re seeing that pessimism translate to their outlook for their own organisations.
Just 27% of CEOs are “very confident” in their prospects for revenue growth in 2020 – a level not seen since 2009.
While this more subdued outlook may cause concern, it is also not surprising. Shifting headlines around trade conflicts, climate change, political strife, cyber threats, social unrest and the like, cloud CEOs outlook on the road ahead.
However, we see plenty of opportunities for those pushing ahead to drive long term growth - who have the courage to change organisations. And those who strive for operational excellence.
Changes in technology, policy and consumer behavior will create new opportunities for success for those agile organisations who are able to develop differentiating capabilities in the area of data privacy, upskilling and sustainability.
We invite you to explore these insights in more detail on our website and learn how your organisations can Succeed in Uncertainty. Thanks.
Director, Global Corporate Affairs and Communications, PwC United Kingdom
Tel: +44 7803 974136
Global Marketing & Insights Director, PwC Switzerland
Tel: +41 79 210 6692