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{"id":21085,"date":"2022-10-06T19:04:21","date_gmt":"2022-10-06T13:34:21","guid":{"rendered":"https:\/\/thecorporatemagazine.com\/?p=21085"},"modified":"2022-10-17T12:39:30","modified_gmt":"2022-10-17T07:09:30","slug":"global-ceos-anticipate-the-upcoming-recession-to-be-short-and-sharp","status":"publish","type":"post","link":"https:\/\/thecorporatemagazine.com\/global-ceos-anticipate-the-upcoming-recession-to-be-short-and-sharp\/","title":{"rendered":"Global CEOs anticipate the upcoming recession to be ‘short and sharp,’"},"content":{"rendered":"\t\t

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Global CEOs anticipate the upcoming recession to be 'short and sharp,' vote offers<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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October 6, 2022: -Global CEOs anticipate a recession in the next 12 months, according to a new survey by professional services company KPMG, which said more than half of the business leaders anticipated the slowdown to be “mild and short.”<\/p>
Between July and August, all the 1,300 chief executives polled by KPMG warned that increased disruptions, such as a recession, could make it difficult for their businesses to rebound from the pandemic.<\/p>
The CEOs expressed more optimism than at the start of the year and said there would be growth prospects in the next three years.<\/p>
“CEOs all over the world are displaying greater confidence, grit, and tenacity in riding out the short-term economic impacts to their businesses as seen in their increasing confidence in the global economy and their optimism over a three-year horizon,” said KPMG Singapore managing partner Ong Pang Thye.<\/p>
“We see many positioning for long-term growth, such as in Singapore where about 80% of CEOs have indicated that their corporate purpose will have the biggest impact in building customer relationships over the next three years.”<\/p>
Globally, CEOs are also viewing mergers, acquisitions, and innovation favorably. Still, many are concerned that dealmakers are “taking a much sharper pencil to the numbers and focus on value creation to unlock and track the deal value,” the KPMG report said.<\/p>
Across the globe, aside from recessions and the economic impact of rising interest rates, CEOs are also worried about pandemic fatigue, KPMG said.<\/p>
On top of immediate challenges such as a recession, business leaders say they remain under pressure to meet their broader social responsibilities in the face of public scrutiny on their corporate purpose and environmental, social, and governance (ESG) accountabilities.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t Next<\/span>Mortgage applications plunged 14% as higher interest rates<\/span><\/span>