CEOs are the most pessimistic they’ve been in more than a decade as world faces a slowdown

Some 73% of CEOs think global growth will decline in the next year, according to a survey by audit firm PwC, confirming the most pessimistic outlook by business leaders for 12 years.
But this isn’t a repeat of the economic crash of 2008 and 2009, PwC Chairman Bob Moritz said from the World Economic Forum in Davos, Switzerland, Tuesday.
“The difference is then no one saw it coming and no one could figure out how long it would last,” Moritz said. Today CEOs are “much more confident in their own abilities to manage their way through this stuff,” he added.
The global economy is the biggest concern for CEOs, with confidence in the international climate having plummeted in the last year.
In the U.K. for example, only 21% of CEOs expect the global economy to improve in the next 12 months, according to the new PwC survey published late Monday, down from 82% of the business leaders in last year’s survey. $SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$ $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ $ProShares UltraPro QQQ ETF(TQQQ.US)$