Mexico Loses Appeal to Invest According to CEOs Surveyed by PwC
Mexico is not among the top 10 most attractive markets for business in 2020, according to a PwC survey carried out among CEOs and released at the World Economic Forum in Davos.
This is the second year that Mexico has fallen off the worldwide investment radar after the 2018 survey also snubbed the country in the list of the most attractive countries for investors. El Economista reported that Mexico was ranked ninth in 2019’s survey.
According to the CEOs participating in the 23rd edition of the PwC survey, the United States was the most attractive country for investors, followed by China, Germany, India, United Kingdom, Australia, Japan, France, Brazil and Canada.
The PwC CEO survey has become a barometer for the global investment landscape. The title of this year’s report was Navigating the Rising Wave of Uncertainty, a clear nod to the negative investment outlook for this year.
Half of the 1,583 CEOs surveyed are expecting a growth slowdown in 2020, the most pessimistic result in the eight years since the consulting firm has been asking that question.
“In the survey, CEOs express a record level of pessimism regarding the global economic outlook in 2020, with 53 percent projecting a decline in the rate of global economic growth, up sharply from 29 percent last year”, PwC said.
Over-regulation, trade conflicts and uncertain economic growth are the main threats to investment in 2020, the CEOs remarked.