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WEF 2020: Pessimistic Swiss bosses for the global economy – Economy

Never have the big Swiss bosses been so pessimistic. In total, 54% believe that global economic growth will decline in 2020. One point more than their global counterparts on average, according to the study released Monday in Davos (GR) by the cabinet PwC. On the other hand, these leaders are more optimistic for the Swiss economy.

Last year, Swiss bosses were only 47% to anticipate a decline in global economic growth in this same assessment, published on the eve of the opening of the 50th edition of the World Economic Forum (WEF). This year, like their global counterparts, they mention too much regulation and trade tensions as the main concerns. For Swiss bosses, cyber threats come in third position.

Despite this pessimistic indicator, more than 80% of them plan better deals for their business. Much more than the average of 73% of their counterparts.
Another data, half of these Swiss think to hire personnel in 2020 and 69% are worried about the capacity of their employees to face the challenges in the future in a context of technological changes. However, Switzerland is one of the countries where the launch of continuous training schemes is the slowest.

And half of the Swiss bosses do not think that the efforts against climate change will be accompanied by new products or services. They are only 31% in the world. “The bosses in Switzerland are much more optimistic for the development of their companies and the national economy than their global colleagues”, explained the boss of PwC Switzerland, Andreas Staubli.

A component that he attributes to legal certainty and the consensus of the economic situation in this country. The Swiss bosses are more numerous than their foreign comrades, 50% against 43%, to think that the society will be divided and that political maneuvers will be carried out. Nearly 1,600 bosses from 83 countries participated in this study, including more than 90 in Switzerland. (Ps / nxp)

Created: 20.01.2020, 6:55 p.m.

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