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A parade of billionaires, CEOs, world leaders and hangers-on has now arrived in Davos, Switzerland, bearing skis, packed schedules and deep concerns about the global economy.

PwC's annual Global CEO survey — 1,581 CEOs across 83 territories — was conducted in the fall and released tonight as the World Economic Forum opened. It makes for some pretty alarming reading.

The big picture: 53% of CEOs expect global economic growth to decline in 2020, up from 29% in 2019 and just 5% in 2018. Their views of their own companies’ prospects were the bleakest since 2009.

That sentiment was spread across all regions, though CEOs in the Asia-Pacific are most optimistic and North American CEOs least so.

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Originally posted by Nina:
Davos drives me nuts. Although, to be honest, if we're ever going to make significant dents in climate change it will have to be strongly supported, if not driven, by these individuals and corporations. But it reeks of virtue signaling more than anything else.

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Originally posted by jon-nyc:

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Originally posted by Nina:
Davos drives me nuts. Although, to be honest, if we're ever going to make significant dents in climate change it will have to be strongly supported, if not driven, by these individuals and corporations. But it reeks of virtue signaling more than anything else.

The climate battle will be won or lost in Beijing, not Davos.