CEOs optimistic about economy

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CEO optimism about the economy has grown in recent months, according to a new survey by PwC. Only 17% of executives now anticipate that the U.S. will experience a recession in the next six months, down from 35% a year ago.

The survey also found that CEOs are increasingly focused on new technologies, with 59% planning to invest in new technologies in the next 12 to 18 months. Generative AI is a top area of investment, with 46% of CEOs planning to invest in this technology.

The survey also found that CEOs have a “potential blind spot” when it comes to climate risks. While half of the executives surveyed say climate change is a risk to their business, only 23% are contingency planning for disruptions in the next 12 to 18 months.

In addition, the survey found that CEOs are increasingly concerned about hiring and retention, as well as more frequent or broader cyber attacks. These are all important risks that businesses need to be aware of and prepared for.

The sources for this piece include an article in Axios.

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