Topics
Recession | Technology | cybersecurity
While cybersecurity was listed as the top risk to growth in February 2022, the latest survey shows that CEOs feel emerging technology is the greatest threat to growth
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
About 46 per cent of global chief executive officers (CEOs) are considering downsizing their workforce over the next six months while 39 per cent have already implemented a hiring freeze, according to the KPMG 2022 CEO Outlook.
The survey, conducted with 1,325 CEOs between July 12 and August 24, 2022, reveals that 86 per cent of CEOs believe a recession is coming in the next 12 months, which will make post-pandemic recovery harder. About 58 per cent expect the recession to be “mild and short”. A majority of leaders are, however, confident about the global economy's growth prospects over the next three years.
While cybersecurity was listed as the top risk to growth in February 2022, the latest survey shows that CEOs feel emerging and disruptive technology is the greatest threat to growth.
T V Narendran, CEO & MD of Tata Steel, said in the survey: “Geopolitical issues are the number one risk. I think we all need to build optimised and resilient supply chains.”
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Tue, October 04 2022. 18:37 IST
There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more
There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more
Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more
How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more
ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more
For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more
