This is the most pessimistic CEOs have been regarding global economic growth since PwC began asking this question 12 years ago.

Garuda Aerospace Founder Agnishwar Jayaprakash speaks to BQ Prime's Niraj Shah at the World Economic Forum in Davos.

While recent data has raised hopes economies can still pull off a soft landing, last year's surge in inflation and the subsequent hiking of interest rates by central banks have many braced for economies to contract.