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Bosses tell PwC of optimism for growth in 2017 despite gloom

By Ben Woods

Nearly 90% of the UK's top bosses are expecting growth this year despite casting a gloomy outlook for the global economy, a report said.

The PwC CEO survey found that 89% of company chief executives are more confident about growth for the next 12 months, but close to one-third are predicting the global economy to decline.

Economic uncertainty was chief among their concerns, with 84% pinpointing it as the single biggest threat, while 76% earmarked cyber attacks as a key issue for 2017.

Kevin Ellis, PwC chairman and senior partner, said it was encouraging to see growth on the agenda for UK Plc after an eventful 2016.

"We may face a period of uncertainty, but the economic fundamentals remain positive and businesses should keep calm and carry on doing what they do best - capitalising on the UK's strengths and attractiveness to the rest of the world, and seeking out new opportunities," he said.

"UK CEOs are resilient and realistic about the challenges ahead. Maintaining a positive mindset and staying focused on what they can control is vital."

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