KPMG: 91% of US CEOs See Recession in Next 12 Months

The video discusses the potential for a recession, with 91% of US CEOs expecting one within 12 months. Despite this, 95% remain optimistic about growth over the next three years, focusing on mergers and acquisitions. ESG issues are seen as beneficial for financial performance, though some CEOs may slow ESG efforts during a recession. The workplace is shifting towards remote and hybrid models. KPMG is preparing for economic changes by focusing on digital transformation and operational efficiency. The accounting industry is seeing robust demand for audit and tax services during downturns.

What percentage of US CEOs believe there will be a recession in the next 12 months?

• 33%

• 91%

• 70%

• 51%

How do most CEOs view ESG in terms of financial performance?

• Positive impact

• Neutral impact

• No impact

• Negative impact

What work model do approximately two-thirds of CEOs anticipate for the future?

• Fully remote

• Fully in-office

• Remote or hybrid

• In-office with occasional remote

What is KPMG's approach to preparing for a potential economic downturn?

• Halting all investments

• Focusing on operational efficiency

• Expanding office spaces

• Reducing workforce

Which skills are increasingly in demand at KPMG?

• Marketing

• Data and analytics

• Human resources

• Public relations

What percentage of KPMG's business in the US is advisory consulting?

• 20%

• 30%

• 40%

• 50%

During economic downturns, which KPMG services see increased demand?

• Marketing and sales

• Audit and tax

• Public relations

• Human resources