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
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more
