Outlook

Going into 2023, the Dutch economy is expected to slow down; the OECD is projecting growth of just 1.1%. Inevitably, some sectors will perform better than others. We expect continued demand from financial services and the public sector, for example – though we recognize that a slowdown may also prompt companies across the economy to postpone investment decisions. Rising prices may also put a brake on a consumer spending; inflation is forecast at 4.8% in 2023, due mainly to high energy prices and continued supply chain pressures. We anticipate that current skills shortages will continue in the coming years, as will the increased emphasis, in both government and private sector, on social and environmental issues. We have set clear priorities for 2022/2023, across our five strategic focus areas. As part of this, we will continue to concentrate on our growth drivers – that includes Connected (new window), Powered (new window), Trusted (new window), our Deals and Managed Services business and building on our progress in ESG.

Our focus for 2022/2023: For better in a complex world

Focus area:

Ambition:

Public trust

Continue to improve audit quality, finalize deployment of KPMG Clara, and become an ESG leader among professional services firms

Clients

Build unique and consistent client experience, and further strengthen growth in priority sectors

People

Focus on well-being and inclusion, advance Workforce Shaping strategy, invest in ESG and digital expertise, and continue to strengthen talent attraction and retention

Digital & innovation

Build fully digital workplace, strengthen cyber resilience and enhance digital offering to clients

Financial strength

Pursue sustainable financial growth and implement target operating model