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CEO Confidence Falls to Lowest Level in a Decade
October 13, 2019
The Conference conducts a confidence survey of CEOs globally and it has fallen to the lowest level since Q1 2009, when the world was gripped by the global financial crisis (GFC). Tariffs and trade issues were major factors as well as moderating global growth. CEOs are now pessimistic about future growth across the United States, China and Europe. This lack of confidence has meant that CEOs have scaled back capital investment plans.
The results of this survey show us that there are a variety of macro-economic or geopolitical factors that can heavily impact on the economy. We must always seek to prepare our communities for potential downturns in the market. Being pro-active to grow and diversify your local economy will help to make your community as prepared as possible.