CEOs at Davos Less Optimistic About Global Economy

January 20, 2015 News

More than twice as many chief executives are now convinced that prospects for the global economy over the next 12 months are relatively poor compared to last year, according to a report released Tuesday.

PricewaterhouseCoopers’ 18th Annual Global CEO Survey, unveiled in Davos at the opening of the World Economic Forum’s annual meeting, found 17% of corporate bosses believe global economic growth will decline or be subdued in 2015. That’s up from the 7% who felt so last year.

The remaining chief executives expect economic conditions to improve (37%) or remain steady (44%). The survey canvassed more than 1,300 CEOs from around the world.

Read more: Forbes