A survey of 500 CEOs worldwide indicated that business leaders expect a global recession in the next 12 months.
According to the 2022 KPMG CEO Outlook, 86% of CEOs expect a recession to occur in the next 12 months.
When asked what they were most concerned about, 15% said pandemic fatigue, compared to 14% who said a recession. Three-quarters of CEOs said they are considering a hiring freeze in the next six months, and 80% say it’s possible they will downsize their workforce.
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