PwC: Despite the tense trade situation, business chief executives remain optimistic about global economic growth.

A survey by PricewaterhouseCoopers (PwC) found that despite escalating trade tensions and the possibility of increased tariffs under President Trump, most CEOs predict that global economic growth will accelerate this year. Released on Monday by PwC, a report indicated that nearly 60% of CEOs are optimistic about the global economic outlook, a higher percentage than the 38% from the same period last year. PwC Global Chairman Mohamed Kande stated that CEOs are feeling better than they have in many years, driven by optimism towards new technologies such as artificial intelligence. He said, "The last time we had this was during the mobile internet era over 20 years ago. Now it's about artificial intelligence. People are expecting an innovative new era to come." PwC conducted the survey among 4,701 CEOs in 109 countries and regions. Over half of the respondents stated that their companies have become more efficient due to artificial intelligence. The survey was conducted from October 1 to November 8, 2024, meaning many respondents may have completed it before Trump won the US presidential election, despite his warnings on trade being central to his campaign. Mohamed Kande stated that CEOs remained optimistic after Trump's victory, as it provided certainty and clarity. Additionally, the survey revealed that the UK has become the second most attractive investment destination, after the US. However, this result may not provide much political boost for the UK Labour government, as their budget with increased taxes was announced later during the survey period on October 30, sparking concerns about slowing economic growth in the UK.