CEOs are less positive about the prospects of their respective business environments in 2020 than in previous years, according to the Global CEO Survey carried out by Oxford Business Group (OBG).
The trend was especially pronounced in markets covered by OBG in Latin America, most likely due to political uncertainty, where less than half (45 percent) of CEOs felt upbeat about the coming year, down from 82 percent in 2018.
Expectations were also lower in Asia, where just 56 percent of executives described their outlook as positive or very positive, down from 76 percent in 2018, perhaps prompted in part by a fall in demand from China and the uncertainty created by its trade war with the United States.
Yet, despite the challenging business environment, executives remained bullish about the likelihood of their companies expanding in the coming months. Just under two-thirds (62 percent) of interviewees said they thought their firm was likely or very likely to make a
