Global CEOs say impending recession will be “short and sharp”: KPMG
Globally, CEOs are also viewing mergers, acquisitions and innovation favorably, but many are concerned that dealmakers are"taking a much sharper pencil to the numbers and focus on value creation to unlock and track deal value," the KPMG report said.
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 accountabilities.In Asia-Pacific, fewer CEOs are expecting a recession. Of those surveyed, 63% saw a recession happening in the next year compared with 86% globally.
In Singapore, nearly 90% of the CEOs surveyed either embarked on a hiring freeze, or were planning to do so over the next six months, KPMG said.But over the next three years, almost all Singapore CEOs surveyed said they would increase their headcount by up to 10%.
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