In sharp contrast to twelve months ago, CEOs in Cyprus are – in similar fashion to their global counterparts – relatively pessimistic about global economic growth and their company prospects over the next year, according to PwC’s latest survey among chief executives.
Building on PwC’s global CEO Study (which is traditionally released at the start of the World Economic Forum in Davos), the Cyprus member firm conducted its own CEO study, canvassing the views of over 150 CEOs in the country.
Globally, the sentiment was evident. Pessimism about global economic growth has hit its highest point since the aftermath of the global financial crisis. Today, the sentiment among Cypriot CEOs is much aligned to the global picture.
A significant majority (69%) of CEOs in Cyprus hold a pessimistic outlook on the global economy, anticipating a decline in growth in the next 12 months. This marks a sharp…