POLL: 75% of Fortune 500 CEOs believe a recession is inevitably on the horizon
https://adnamerica.com/en/united-states/poll-75-fortune-500-ceos-believe-recession-inevitably-horizonRapidly falling stock prices – driven by pessimism about the U.S.’ economic outlook and exacerbated by the ongoing war in Ukraine – has raised concerns amongst economists that a recession could arrive sooner than previously anticipated.
Although markets breathed a collective sigh of relief last spring as profits and revenues appeared to bounce back after the coronavirus lockdown, Fortune’s recently released 2022 Survey of Fortune 500 CEOs has revealed a startling reality: 75% of those polled indicated that they expect the United States will be in a recession either this year or next.
According to American CEOs, at the moment the top threats to their businesses include talent shortage (24%), inflation (21%), recession (21%), geopolitics (15%) and cybersecurity (13%).
Fortune’s findings – although shocking – are not new, however, and business leaders and economists have long warned of a looming recession.
I think recession is already happening.
