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.Some 85% of CEOs expect the US recession to be brief and shallow, while 13% expect a deeper downturn with a “material global spillover.”
When asked to name the biggest global challenge their businesses currently face, 34% of CEOs pointed to political and government instability, while 17% cited energy access and security and 15% said the ongoing Russia-Ukraine war.the global economy faced a series of headwinds that would spark a recession next year, including higher interest rates and inflation.Sipa USA via AP
“These are very, very serious things which I think are likely to push the US and the world — I mean, Europe is already in recession — and they’re likely to put the US in some kind of recession six to nine months from now,”
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