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International Business Times
International Business Times
Business
Merin Rebecca Thomas

CEO Confidence Falls Into Negative Territory As Iran War, Economic Risks Pressure Global Business

Iran The Conference Board the Business Council Donald Trump
Around 40% of CEOs expected economic conditions to worsen over the next six months, up from 13% in the first quarter, according to the survey. (Credit: Pixabay)

Confidence among the leaders of the world's largest corporations fell sharply in the second quarter as the Iran war, rising geopolitical risks and economic uncertainty weighed on business sentiment globally.

The CEO Confidence Measure compiled by The Conference Board in collaboration with The Business Council dropped to 47 in the second quarter from 59 in the first quarter. A reading below 50 reflects more negative than positive responses from executives. The survey included 141 Fortune Global 500 CEOs and was conducted from May 4 through May 18.

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