Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

British bosses say the future will be bright – just not quite yet…

by October 4, 2022
October 4, 2022
British bosses say the future will be bright – just not quite yet…

The majority of chief executives around the world are preparing for a downturn, but most expect it to be short-lived and are growing more confident about the longer-term outlook for the global economy.

Of the 1,300 bosses who took part in KPMG’s annual CEO Outlook, eight out of ten are anticipating a recession, and seven out of ten say it will knock up to a tenth off their profits.

The economic outlook, which includes rising interest rates and inflation, is now the top concern for chief executives in the UK. Uncertainty about Covid is second. Political uncertainty and regulatory risks are also concerns.

Three quarters have already taken steps to weather the storm: 39 per cent have stopped recruiting and almost half expect that they will have fewer staff in six months. Fewer than one in ten, however, think that they will have fewer staff in three years.

Many executives are also reducing their environmental, social and governance ambitions. Half said that they would either pause or reconsider their efforts within six months.

There has been a wave of profit warnings from businesses across all sectors in recent months, driven mostly by surging prices of everything from fuel to food and companies that are reliant on a spendthrift consumer have been hurt by the public’s falling confidence.

Despite those concerns KPMG found that three quarters of chief executives were confident about the resilience of the economy over the coming six months. That is “markedly more” than the 60 per cent who said the same in February, shortly before Russia invaded Ukraine.

Executives are more optimistic about the outlook further down the line as well. Just over two thirds of leaders said they were confident about global growth over the next three years, compared with six out of ten earlier in the year. Bill Thomas, global chairman and chief executive of KPMG, said: “Once-in-a-generation issues — a global pandemic, geopolitical tensions, inflationary pressures and financial difficulties — have come in short succession and taken a toll on the optimism of global chief executives.”

He added, however, that it was encouraging to see that bosses’ confidence in their longer-term growth prospects remains. “The events of recent years have created real turbulence for the business community.

“Our findings should provide some cautious optimism that, in contending with and overcoming these ordeals, executives are more confident in their companies’ resilience and are focused on mitigating some of the very real uncertainties we face today,” he said.

Read more:
British bosses say the future will be bright – just not quite yet…

0
FacebookTwitterGoogle +Pinterest
previous post
Latinos Tell MSNBC They’re Switching To GOP: “We’re For God, Country, Family And Hard Work”
next post
Sector Spotlight: Stocks and Bonds Both Breaking Major Support Levels

You may also like

Five months of travel chaos loom as Avanti...

January 3, 2025

How easy and affordable it is to get...

October 29, 2024

Elon Musk accused of owing $500m in Twitter...

July 13, 2023

7 AI Adoption Challenges Contact Centres Face (And...

December 19, 2023

TikTok Vows Legal Battle Against US Ban or...

April 22, 2024

Rise in pre-nup and post-nup agreements for farming...

March 20, 2025

The Role of Online Casinos in Business: A...

September 16, 2024

Homeowners face £3,000 rise in mortgage payments

December 30, 2022

Embracing Innovation for Sustainable Mobility

April 22, 2024

New Home Office fraud legislation exposes employers to...

April 24, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • New book sheds light on Harris decision to pick Walz as her running mate over Shapiro: ‘Went with her gut’

      July 9, 2025
    • Sotomayor breaks with Jackson in Supreme Court decision over Trump cuts to federal workforce

      July 9, 2025
    • Biden doctor dodges questions in speedy House closed-door interview

      July 9, 2025
    • In Defense of Elbridge Colby

      July 9, 2025
    • Breakout Watch: One Stock in Each Sector to Watch Now

      July 9, 2025
    • Trump Issues Fresh Tariff Threats Amid Dearth of New Trade Deals

      July 9, 2025

    Categories

    • Business (8,429)
    • Investing (2,109)
    • Politics (15,984)
    • Stocks (3,194)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved