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  • 18-01-23

    PwC exec believes Middle East is able to handle global fall

    (MENAFN) Middle East oil economies, and mainly their flourishing sovereign wealth funds, are positively set to endure a worldwide drop in executive confidence, as said by a senior partner of worldwide consulting company PwC.

    While giving a speech on the sidelines of an event at the World Economic Forum Annual Meeting in Davos, Kevin Ellis, PwC executive head of UK and Middle East business, informed Arab News that “As the world changes, it needs energy and money. There is a huge role there for the Middle East.”

    PwC lately declared its most pessimistic survey of sentiment between 4,410 head executive officers for over a 10-year period of time. The poll indicated that an amount of 40 percent of Chief Executives believed their organizations would not be carefully sustainable in a decade from now if they did not change.

    The survey also issued that 73 percent of worldwide firm managers believed financial expansion might decrease across the world in the upcoming year, motivated by inflation, macroeconomic volatility, as well as geopolitical dispute.

    MENAFN18012023000045014228ID1105443314

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