Businesses deeply concerned about rising geopolitical risks: Poll

The confidence levels of global CEOs are at their lowest ebb than at any other time in the last three years, according to a report released on Jan. 19 by PriceWaterhouseCoopers (PwC) on the sidelines of the World Economic Forum (WEF) in Davos. 

In last year's survey, geopolitical uncertainty appeared in the top 10 ranking of CEO concerns for the first time. This year, the issue jumped up to become the second-biggest concern, cited by 74 percent of business leaders. 

This rate rose to 93 percent among Turkish CEOs, followed by foreign exchange fluctuations at 90 percent among Turks, according to the survey, which was conducted in the fourth quarter of 2015 in 83 countries.
 
The top concern of global CEOs was over-regulation, cited by some 79 percent of the survey participants, followed by geopolitical risks. CEOs named exchange rate volatility as their third top concern, followed by availability of key qualities and governments' response to fiscal deficit and debt burden, according to the PwC survey, in which a total of 1,409 CEOs participated. 

Despite huge stimulus and ultra-easy money that central banks have pumped into the system since the 2008 financial crash, only 27 percent of CEOs expect global economic growth to improve over the next 12 months, compared with around 40 percent at the same time last year. 

Around 23 percent of CEOs expected the global economy would improve over the next 12 months amid concerns about the slowdown in the Chinese economy, oil slump and escalating geopolitical risks. This rate was around 17 percent last year. 

For Turkish CEOs, the rising geopolitical risks will be the biggest threat for their businesses over the next year. This was followed by foreign exchange volatilities by...