More than eight in ten global and UK chief executives expected a recession over the next 12 months, according to KPMG’s 2022 CEO Outlook.
However, the research, which surveyed over 1,300 CEOs at the world’s largest businesses, also expected it to be a mild and short recession.
It revealed 71 percent of CEOs expected it to impact company earnings by 10 percent, with 73 percent expecting it to impact growth.
Three quarters of global CEOs, and 72 percent of UK CEOs, had ...