Kuwait CEOs buoyant, resilient and confident despite waves of a global recession

Kuwait CEOs buoyant, resilient and confident despite waves of a global recession

- KPMG Kuwait’s latest thought leadership KPMG Kuwait CEO Outlook 2022–23 finds that seven in ten CEOs are shunning the possibility of a globally anticipated recession in the country. The report highlights that CEOs are not only confident in terms of Kuwait’s growth prospects but also feel more resilient with regard to the global economy, country, industry and company, compared to 2021

Kuwait: CEOs in Kuwait are looking past recent economic slowdowns and are winding up to catapult organizational growth in the three-year horizon (2022–2025). Keeping in mind the factors that led to and rose from such events, KPMG Kuwait launched its latest report KPMG Kuwait CEO Outlook 2022–23: Turning the tide.

The report draws on the perspectives of 1325 global CEOs, including 25 from Kuwait, to provide a detailed overview of their outlook on Kuwait’s economic landscape and insight into their near- and long-term plans. This is the second edition of the KPMG Kuwait CEO Outlook, which was first published in 2021.

Speaking at the launch event, Dr. Rasheed Al-Qenae, Managing Partner, KPMG Kuwait, said, “The past years were turbulent to say the least. To stay afloat after back-to-back catastrophic events and the resulting uncertainty, businesses needed to be resilient to the