Over-regulation is the top worry for CEOs around the world in 2019.
Pessimism has overshadowed optimism regarding global growth prospects in the latest PwC Annual Global CEO Survey.
The index has found that nearly 30% of CEOs project a decline in global economic growth in 2019, up from a mere 5% last year, spelling caution regarding their vision on global growth.
But which are the majors threats they see?
PwC’s 22nd Annual Global CEO Survey revealed 35% of world business leaders are ‘extremely concerned’ about the growth of over-regulation (35%) and policy uncertainty (35%).
Availability of key skills (34%), trade conflicts (31%), cyber threats (30%), geopolitical uncertainty (30%), protectionism (30%), populism (28%), speed of technological change (28%), and exchange rate volatility (26%) complete the top ten threats to business growth that global CEOs are ‘extremely concerned’ about in 2019.
In North America, 38% of CEO respondents said they were extremely concerned about protectionism in particular, making it the third most common response in the region behind trade conflicts (44%) and cyber threats (45%).
Click to see what were the worries CEOs had in 2018.
- Question: How concerned are you, if at all, about each of these potential economic, policy, social, environmental, and business threats to your organisation’s growth prospects? (showing only ‘extremely concerned’)