Changing threats to growth

Greatest risk to growth today (July/Aug 2020)

21% 18% 14% 12% 10% 7% 5% 5% 4% 2% 2% 1%

Greatest risk to growth at the beginning of the year (Jan/Feb 2020)

22% 19% 15% 11% 11% 8% 6% 3% 2% 2% 1% 1%

Greatest risk to growth 2019

21% 19% 16% 14% 14% 7% 3% 3% 2% 2% 0% 0%

Source: KPMG 2020 CEO Outlook COVID-19 Special Edition