Most CEOs are already preparing for a recession, with plans including laying off staff and cutting spending on environmental issues, a major survey shows
they thought inflation and the rising cost of living would impact their company's ability to retain staff.
"CEOs are walking a tightrope as they consider a wide range of actions — including workforce reductions — to prepare for a potential recession while still managing through the pandemic, dealing with supply chain and technology disruption and numerous other risks and finding ways to drive growth," KPMG US CEO Paul Knopp said in a statement.
In the long term, the US CEOs surveyed said they were largely optimistic about the future. Almost all said they were confident about the growth of their company and industry over the next three years, while 93% said they were confident about the US economy and 71% about the global economy., which polled 1,325 business leaders across the world between July and August.
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