Cost of living, return to office, AI top KPMG CEO survey
Academy Securities Head of Macro Strategy Peter Tchir says weakness in the economy and a «very nervous» market indicate a recession is coming on «Making Money.»
Despite sky-high borrowing costs and economic uncertainty, America's CEOs are more confident than they were a year ago, a lot more in fact, 77% this year vs. 34% in 2022, according to a new survey released by KPMG on Thursday.
«American and global businesses, and particularly in the U.S., have been very, very resilient. The recession that was forecast some time ago hasn't really arisen yet. You could argue there have been some rolling sector recessions, but not the macro recession that everyone expected,» KPMG CEO Paul Knopp told FOX Business.
«American and global businesses, and particularly in the U.S., have been very, very resilient. The recession that was forecast some time ago hasn't really arisen yet. You could argue there have been some rolling sector recessions, but not the macro recession that everyone expected.»
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Even with economic headwinds, the race to dominate and maximize artificial intelligence with investments is a top priority for 72% of CEOs, but more, 81%, worry that the lack of regulation may prevent their companies from fully maximizing profit and growth potential.
«There has been a call for more regulation because the concerns are clearly on the table from many business leaders, legislators, you name it, and the general public about ethical uses of generative AI and about safe uses of generative AI,» Knopp said.
The race to dominate and maximize artificial intelligence with investments is a top priority for 72% of CEOs, but more, 81%, worry that the lack of
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