CEOs are returning to pre-pandemic confidence levels, a KPMG survey shows

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LONDON, September 1 (Reuters) – The world’s largest corporations are back on their faith in the pre-pandemic prospect of the global economy and most expect acquisitions to fuel growth, a poll on Wednesday found.

While uncertainty persisted due to the Delta variant of COVID-19, 60% of business leaders were confident about the global economy over the next three years, up from 42% in a similar survey in early 2021, auditing firm KPMG said.

Almost nine in ten senior executives said they would look for acquisitions in the next three years.

“Despite the ongoing uncertainty surrounding the pandemic, CEOs are increasingly confident that the global economy will recover,” said Bill Thomas, global chairman and CEO of KPMG.

CEOs saw cybercrime, climate change, and supply chain risks as the top threats to growth, the survey found.

More than half said their supply chains had come under pressure from the pandemic.

Almost 80% said that a proposed minimum global tax system would be of “significant concern” about their growth targets.

In contrast to August 2020, when more than two-thirds of respondents said they were cutting their office space due to the pandemic, only 21% in the new survey said they were planning to downsize.

Almost 40% had implemented a hybrid work model for their employees, with most employees working remotely two or three days a week.

Between June 29 and August 6, KPMG surveyed 1,325 CEOs of companies with annual sales of more than $ 500 million in Australia, Canada, China, France, Germany, India, Italy, Japan, Spain, the UK and the US William Schomberg, arrangement by Andy Bruce)


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