Why major U.S. CEOs expect a recession soon?

According to the audit, tax and advisory firm KPMG 2022 CEO Outlook report, nearly all major U.S. CEOs expect a recession in the next 12 months. The survey asked more than 1,300 CEOs at the world's largest businesses about their strategies and outlook, revealing that 58 per cent of leaders expect a recession to be mild and short. Fourteen per cent of senior executives identify a recession among the most pressing concerns today, while pandemic fatigue tops the list.

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