CEOs are more pessimistic than they've been in a decade, survey finds
CBSN
American industry leaders are pessimistic about global economic growth for the year ahead.
Three-quarters of CEOs surveyed by accounting and consulting firm PwC expect global economic growth to slow over the next 12 months. That compares to last year, when 77% of CEOs expected positive global growth.
Their pessimism is driven by Russia's invasion of Ukraine, which sparked Europe's biggest land war since World War II, resulting in rising energy and commodity prices, and increased labor costs and inflation.
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