Fears of a world economic slump have receded among chief executive officers, who are instead preoccupied with hiring and retaining top employees, an annual survey found.
Global CEOs polled by the Conference Board, a New York-based researcher, ranked a global recession as their 19th concern out of 28 choices, down from being the top worry a year earlier. Failure to attract and retain talent was the No. 1 concern, followed by creating new business models and cash-flow volatility, according to the C-Suite Challenge survey, conducted from September to November.
The shift in concerns from a cold economy to a hot one mirrors an upswing in global growth and declines in unemployment, including the lowest level in the U.S. since 2000 and an eight-year low in the euro-area. Other major worries include new competitors, developing leaders and cybersecurity, while Brexit, terrorism and America’s departure from the Paris climate accord were at the bottom of the list.
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