“We are in the most volatile geopolitical and economic environment since 2008, and the stability that the sector thrives on is in short supply,” said Karim Haji, global and UK head of financial services at KPMG. “Despite the dip in confidence about future profitability, it’s encouraging to see most leaders maintain a positive short-term outlook, supported by the uptick in services sector growth reported in March. But volatility is putting pressure on revenues, and we can expect this to be a long-term trend.”
