PETALING JAYA, Oct 17 (Bernama) — A global survey conducted by KPMG International reveals that 63 percent of CEOs in the Asia-Pacific region (ASPAC) anticipate a recession over the next 12 months – but more than half (55 percent) expect it to be mild and short while 58 percent have already taken precautionary measures to weather the upcoming turbulence.
The survey also revealed that 73 percent of CEOs are confident in the resilience of their company in weathering through the next six months, with a similar level of confidence (71 percent) in their country’s resilience. On a wider scale, 65 percent of CEOs are confident in the growth prospects of the global economy over the next three years.
