Chief executives of companies around the world are planning to cut operating costs as nearly three-quarters of them anticipate a decline in global economic growth over the next 12 months, according to a recent survey by PwC.
The 26th Annual Global CEO Survey by consulting firm PwC found 73% of 4,410 chief executives from 105 countries and territories were not confident about growth prospects for the global economy, with 40% believing their companies will not be economically viable in a decade.
