KPMG: CEOs worldwide are optimistic about the future of the world economy

Chief executive officers (CEOs) of global businesses have grown more confident about the growth of both their companies and the global economy over the next three years than they were last year, a new study by KPMG International has shown.

The survey of 1,278 CEOs in 10 key markets and nine key industry sectors also found that CEOs globally are set to hire, with 78% of respondents indicating they are expecting to be in hiring mode through mid-2018.

The sectors comprised automotive, banking, insurance, investment management, healthcare, manufacturing, technology, retail/consumer markets and energy/utilities.

According to the 2015 KPMG CEO Outlook Study released yesterday, 69% of CEOs in Europe, 66% in Asia-Pacific and 52% in the US indicated that they are more confident than they were last year about the prospects for the global economy in the next three years.

In assessing their own company’s growth prospects, 70% of European CEOs, 68% of Asia-Pacific CEOs and 19% of US CEOs indicated they are more confident than a year ago. (MTI)