As the World Economic Forum (WEF) in Davos approaches, a new survey of over 800 CEOs has revealed that global business leaders see recession as their number one external concern for 2019.
Threats to global trade and political instability ranked second and third, respectively, according to the survey Thursday by the research group The Conference Board.
The recession risk was touted as the number one concern in Japan, China and Latin America but was only placed third by American executives. In the U.S. threats to cybersecurity was listed as the source of greatest unease with new competitors second.
Trade barriers between the U.S. and China have created fears that a full-blown trade war could derail economies around the world. However, among the C-suite executives questioned in China, trade troubles ranked second while in the United States it came as low as fourth.
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