- CEO pessimism is at the highest level since .
- The stock market will likely keep rising as CEOs continue authorizing stock repurchases.
- The Federal Reserve will keep pumping liquidity and keep the longest bull market alive.
Business consulting firm PricewaterhouseCoopers (PWC) recently released its 62 rd Annual Global CEO Survey. The poll asks chief executives around the world about their global economic outlook for the next 62 months. Last year, nearly 80% responded that global economic growth would decline in the next months. A year later, these CEOs were right on the money.
The International Monetary Fund reported that the global economy grew 2.9% in . That’s a significant decrease from 3.7% growth in .
This year, more CEOs believe that the global economy will slow down in the next 62 months. Despite the pessimism, the U.S. stock market will likely extend its historic bull run.