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Despite recession fears, most CEOs have a positive growth outlook, says KPMG report

CEOs are largely positive about global economic prospects, but have adjusted or plan to adjust their risk management procedures considering geopolitical risk.

October 05, 2022 / 02:33 PM IST

Global CEOs are confident about prospects of the world economy over the next three years although nine out of 10 are bracing for a recession, according to the KPG 2022 CEO Outlook report

The report said 71 percent of CEOs were confident about the global economy’s growth prospects over the next three years, up from 60 percent in early 2022. Nearly 9 in 10 were confident about their own organisation’s growth over the same timeframe.

The survey drew on the perspectives of 1,325 global CEOs across 11 markets to provide an insight into their three-year outlook on the business and economic landscapes.

The key highlight of the findings was that 85 percent of global CEOs were positive about the growth expectations in 2022; steady from earlier this year and down slightly from 2021 (87 percent).