CEOs not prepared for likely recession

24 per cent of East African CEOs have planned for the recession compared to 76 per cent of global CEOs. [iStockphoto]

Only a handful of business leaders in the region anticipate a possible global recession next year, a new survey shows.

The new study by global audit firm KPMG, however, reveals that chief executive officers (CEOs) are taking austerity measures in the face of a deteriorating business environment.