Qatari CEOs see a ‘mild and short’ recession, yet optimistic about global economy – The Peninsula

Qatari CEOs see a ‘mild and short’ recession, yet optimistic about global economy – The Peninsula

Doha: The KPMG 2022 CEO Outlook, which asked Qataris CEOs at the world’s largest businesses about their strategies and outlook, reveals that 16 percent of leaders expect a recession to be mild and short. While CEOs may be resilient, they’re also realistic about the challenges ahead. Seventy- two percent of CEOs believe a recession will upend anticipated growth over the next 3 years, and three-quarters (80 percent) also believe a recession will make post pandemic recovery.

Over the next year, One out of 10 (12 percent) Qatari CEOs anticipate a recession to hit, with 52 percent predicting it will impact company earnings by up to 10 percent.

Ahmed Abu-Sharkh, Country Senior Partner, KPMG in Qatar, said: “Qatar’s CEOs have confronted many disruptions to their growth ambitions over a short period in recent times – COVID-19, geopolitical tensions, supply chain disruptions, cyber threats, the war on talent, and a looming recession. Nevertheless, resilience and optimism in long-term growth prospects prevail. CEOs ranked emerging/disruptive technology, operational and supply chain issues, and regulatory concerns as the top risks that could potentially delay their growth agenda. Overall, CEOs can leverage experience gained from managing their growth disruptions by strengthening foundations of resilience and forging new or