CEO confidence has plunged to its lowest levels since the Great Recession of 2007-2009 as central banks scramble to tame decades-high inflation, according to...
American CEO confidence has plunged to its lowest levels since the Great Recession of 2007-2009 as central banks scramble to tame decades-high inflation, according to the results of a survey.
A whopping 98% of US-based CEOs say they are preparing for an economic recession over the next 12 to 18 months, according to the quarterly survey of business leaders conducted by the Conference Board released Thursday. The number rose even higher, to 99%, for CEOs based in Europe. Of the CEOs polled, just 5% felt economic conditions will improve over the next six months. Meanwhile, 81% said the economic outlook is worse for the fourth quarter than it was in the previous quarter.
Even before the latest inflation data surfaced, JPMorgan Chase CEO Jamie Dimon warned the global economy faced a series of headwinds that would spark a recession next year, including higher interest rates and inflation.
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Nearly every CEO bracing for recession over next 12-18 months: surveyOf the CEOs polled, just 5% felt economic conditions will improve over the next six months.
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It's almost impossible to find a CEO who isn't bracing for a recessionNearly all the chief executives in a new survey — 98% — say they're getting their ducks in a row for an impending economic downturn in the United States.
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It's almost impossible to find a CEO who isn't bracing for a recession98% of CEOs are gearing up for a recession in the U.S. in the next 12 to 18 months, a new trade survey finds. The majority expect it to be 'brief and shallow,' yet still anticipate boosting pay by 3% or more.
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