Global CEOs see a ‘mild and short’ recession, yet optimistic about global economy over 3-year horizon, KPMG says
- Written by The Southern Cross
- More than eight out of 10 surveyed CEOs anticipate a recession over the next 12 months, with more than half expecting it to be mild and short
- Seven out of 10 believe a recession will disrupt anticipated growth
- However, rising confidence in longer-term growth of the global economy and their own companies' prospects
HONG KONG SAR - Media OutReach - 18 October 2022 - The KPMG 2022 CEO Outlook, which surveyed more than 1,300 CEOs at the world's largest businesses about their strategies and outlook, reveals that 58 percent of leaders expect a recession to be mild and short.