Security News > 2021 > March > CEOs express strong optimism for global growth this year
Now for some good news from the business world: There is significant optimism about the global economy in 2021 with 76% of CEOs saying they believe growth will improve this year, according to PwC's annual global CEO survey.
While the global pandemic is not yet over, "CEOs' optimism also reflects momentum in vaccine development and rollout in parts of the world," the survey said.
Based on this year's responses, PwC is estimating global growth could rise as much as 5%, in line with other analysis the firm has done suggesting the global economy will return to its pre-pandemic size by the fourth quarter of 2021 or early 2022, the report said.
In contrast, tech CEOs said they are more confident than their peers in every other industry, which reflects digital acceleration during the pandemic, the report said.
What CEOs are expressing major anxiety over is the specter of cyberattacks.
Cyber threats are the top concern for CEOs in the asset/wealth management, insurance, private equity, banking and capital markets and tech sectors, according to the report.