• 4 in 5 Singapore CEOs believe that a recession is likely to impact their earnings over the next year
• 88 percent of Singapore CEOs have embarked on or are planning a hiring freeze over the next six months, alongside diversifying their supply chain
• Yet global confidence in long-term growth has seen a rebound from early this year

SINGAPORE - Media OutReach - 4 October 2022 - The KPMG 2022 CEO Outlook, which asked more than 1,300 CEOs at the world's largest businesses about their strategies and outlook, reveals that their confidence in the growth prospects of the global economy over the next three years has rebounded from February this year, rising 11 percentage points to 71 percent, the highest since the start of the pandemic in early 2020.