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Sunday, May 12, 2024

Executives gloomy about global outlook

A woman walks past shops in Seacon Square mall on Srinakarin Road. Some 25% of executives said geopolitical conflict risks made them feel financially exposed. Somchai Poomlard

Chief executives of companies around the world are planning to cut operating costs as nearly three-quarters of them anticipate a decline in global economic growth over the next 12 months, according to a recent survey by PwC.

The 26th Annual Global CEO Survey by consulting firm PwC found 73% of 4,410 chief executives from 105 countries and territories were not confident about growth prospects for the global economy, with 40% believing their companies will not be economically viable in a decade.

Executives’ confidence in their own company’s growth…

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