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CEOs prepare for recession but expect growth over next three years
A majority of U.S. CEOs are confident about growth over the next three years and the resilience of their companies in the near term, as they have been preparing for a recession by implementing new strategies to drive efficiency and expansion, according to the KPMG 2022 U.S. CEO Outlook, which features insights from more than 1,300 CEOs at large companies globally, including 400 in the United States.
About 56 percent of U.S. CEOs indicated they have a high appetite for M&A and will likely undertake acquisitions that have a significant impact on their overall organization over the next three years, while 33 percent said they have a moderate M&A appetite and will make acquisitions that have a moderate impact on their overall organization.
Overall, CEOs are balancing the priorities that have been foundational to KPMG’s CEO Outlook and looking to turn risk into opportunity by focusing on technology, ESG and talent.