According to the KPMG 2022 CEO Outlook research, leaders of large global companies stick to long-term goals

By: Trademagazin Date: 2022. 10. 20. 12:47

According to the KPMG 2022 CEO Outlook, eight out of ten CEOs of the world’s largest companies expect an economic downturn in the next 12 months. However, half of the respondents believe that it will be mild and short.

The question is not whether there will be a recession, but how big it would be

Seven out of ten think that the recession will interrupt the previous growth. However, more and more people trust their own company and the long-term growth opportunities of the global economy. Due to the economic difficulties, almost 40 percent of managers have already ordered a headcount freeze, and a similar proportion have suspended their company’s digital transformation strategy. More and more people feel that initiatives related to sustainability are unavoidable. According to KPMG’s global management survey, the issue of cyber security, even though they consider it to be strategic, is far behind their concerns.

The world’s leading companies have not yet recovered from the impact of the pandemic, they have already faced new challenges and difficulties – the Russian-Ukrainian war, inflation, supply difficulties, and the resulting recession all affect the companies’ expectations and strategies. In the 2022 CEO Outlook survey, KPMG asked more than 1,300 key CEOs of the world’s most important markets about the company’s business and economic outlook three years ahead, and the most important trends that determine them.


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