CEOs, PwC

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16.01.2023 - 18:47:57

73% of CEOs around the world believe global economic growth will decline over the next 12-months, the most pessimistic outlook in over a decade: PwC Global CEO Survey

Nearly 40% of CEOs don't believe their organisations will be economically viable in 10 years if they do not transformInflation (40%), macroeconomic volatility (31%) and geopolitical conflict (25%) rank as the top global threats, as cyber and health risks fall from a year agoCEOs are cutting costs, yet 60% do not plan to reduce headcount and 80% don't plan to reduce compensation in the fight to retain talent following the 'Great Resignation'Leaders in France, Germany and the UK are less optimistic about domestic growth than global growth, compared to those in the US, Brazil, India and ChinaChanging customer demands, regulation, labour/skills shortages and tech disruption are seen as biggest challenges to long-term industry profitabilityCEOs see climate risk impacting their cost profiles and supply chains over the next 12 months; 58% are developing a strategy for reducing emissions and mitigating climate risksfor further details. © 2022 PwC. All rights reserved.

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Media contacts: Ryan Stanton, Managing Director, Global Corporate Affairs and Communications, PwC US: ryan.m.stanton@pwc.com / On the ground in Davos: Andrea Plasschaert, Campaign Strategist, Global Corporate Affairs and Communications, PwC Switzerland: andrea.plasschaert@pwc.ch / Dan Barabas, Manager, Global Corporate Affairs and Communications, PwC UK: +44 7483 385 703, dan.barabas@pwc.com

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