Pessimism is pessimistic in the global CEOs survey conducted by PWC • Last year, only 29% of respondents expressed a similar concern, and only 5% in 2018 • CPA Doron Sedan: "The global mood may also roll into the Israeli market"

• The celebration on the stock exchanges towards the end?

CEOs of companies from around the world are pessimistic about the future of the global economy. According to a survey by the PWC Accounting Firm at the Annual Economic Conference in Davos, 53% of CEOs expect a slow rate of global growth in 2020 - the highest rate of pessimism since 2012 .

In comparison, in 2019, 29% of CEOs expressed a similar concern, and only 5% in 2018. CEOs' pessimism is particularly significant in North American, Western European and Middle East regions - where 63% -57% of CEOs expect growth to decline Global in the coming year Like senior executives on the global economy, executives are also skeptical of their companies' performance. Only 27% of CEOs said they were "very confident" in their organizations growth in the next 12 months - the lowest rate since 2009, which is a drop from the rate Of 35% last year.

Senior executives from China and India have the highest confidence levels for their companies among the world's largest economies - 45% and 40%, respectively. In the US, 36% of CEOs are optimistic.

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According to PWC, CEOs 'perceptions of the growth prospects of the companies they manage are a credible outlook for global growth. "In analyzing CEOs' forecasts since 2008, the correlation between CEOs 'forecasts of their organizations' growth and actual global growth for that year was high." In PWC, "If this analysis materializes again this year, global growth could slow to 2.4% and lower than many estimates, including the October IMF estimate of expected global growth of 3.4%."

The US continues to capture its CEOs' preferred market for growth in the coming year with 30% - a single percentage above China. Following the US-China trade war, which experienced a slight calm after signing the first phase of the agreement between the two powers, only 11% of Chinese CEOs chose the US as their preferred market for growth - compared to 59% two years ago. The biggest benefit is Australia, where 45 % Of Chinese see a preferred target - 5 times as much as 2018.

Accountant Doron Sedan, managing partner of PWC Israel, addressed the findings of the survey and the Israeli economy: "The global data reflects a mood of deep concern among senior executives from the world - uncertainty and concern that we are heading for a global recession. The situation in Israel is slightly different, as the high-tech locomotive continues to pull growth, but the global mood may of course roll like a snowball into the Israeli market. "