DAVOS, Switzerland (AP) — A survey of hundreds of corporate chieftains worldwide shows "a record jump in pessimism" about the world economy, with sentiment doused by trade spats, a global downturn and fading benefits from U.S. President Donald Trump's tax cuts.
Consulting firm PwC says its annual survey of CEOs found 30 percent feel growth will decline this year, a six-fold increase from a year earlier, when 57 percent were optimistic.
The survey, released Monday on the eve of the World Economic Forum, tallies responses from over 1,300 CEOs and is billed as a good predictor of economic results.
In an interview, PwC Chairman Bob Moritz said: "There's a not-surprising increase in the amount of pessimism from the CEOs and the global economy as they look at the next 12 months."
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